### **Bitcoin Price Analysis Chart (BTC/USD - 4H Timeframe)**
This chart presents a **bearish trade setup** for Bitcoin (BTC/USD) based on technical analysis. The key levels and trade plan are as follows:
### **📌 Key Levels:**
- **Entry Level:** **$86,790** – The proposed short entry point, suggesting that BTC may face resistance around this level.
- **Stop Loss (SL):** **$88,500** – If BTC moves beyond this level, the trade would be invalidated, as it would indicate a bullish breakout.
- **Target:** **$78,500** – A strong support zone where the price is expected to decline if the trade plays out correctly.
### **🔻 Bearish Trade Scenario:**
1. Price is expected to approach the **resistance zone (~$86,790 - $88,500)** before rejecting downward.
2. A potential **double rejection** at resistance before a decline toward the support at **$78,500**.
3. The price could consolidate slightly before breaking downward, confirming the short position.
### **📊 Trade Plan:**
✅ **Short Entry:** Near $86,790 (wait for confirmation).
✅ **Stop Loss:** Above $88,500 to limit risk.
✅ **Profit Target:** $78,500 for a strong risk-to-reward trade.
This chart presents a **bearish trade setup** for Bitcoin (BTC/USD) based on technical analysis. The key levels and trade plan are as follows:
### **📌 Key Levels:**
- **Entry Level:** **$86,790** – The proposed short entry point, suggesting that BTC may face resistance around this level.
- **Stop Loss (SL):** **$88,500** – If BTC moves beyond this level, the trade would be invalidated, as it would indicate a bullish breakout.
- **Target:** **$78,500** – A strong support zone where the price is expected to decline if the trade plays out correctly.
### **🔻 Bearish Trade Scenario:**
1. Price is expected to approach the **resistance zone (~$86,790 - $88,500)** before rejecting downward.
2. A potential **double rejection** at resistance before a decline toward the support at **$78,500**.
3. The price could consolidate slightly before breaking downward, confirming the short position.
### **📊 Trade Plan:**
✅ **Short Entry:** Near $86,790 (wait for confirmation).
✅ **Stop Loss:** Above $88,500 to limit risk.
✅ **Profit Target:** $78,500 for a strong risk-to-reward trade.
Trade active
**📌 Trade Status: Active Watchlist** - **Current Price:** **$84,202** (still below the entry level of $86,790).
- **Trade Status:** **Not Yet Triggered** – The price has not yet reached the entry zone (**$86,790**) for a short position.
**Next Steps:**
1. **Wait for Price to Reach Entry ($86,790):**
- If BTC moves up to this level and shows **bearish rejection**, the short trade setup becomes valid.
- Look for **bearish candlestick patterns (e.g., pin bar, engulfing candle)** before entering.
2. **Stop Loss Protection ($88,500):**
- If BTC **breaks above $88,500**, the trade setup becomes invalid, and the stop loss will be hit.
3. **Target Zone Confirmation ($78,500):**
- If BTC follows the expected pattern and rejects resistance, the next move would be a **downtrend toward $78,500**.
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Join my telegram channel free
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Join my referal broker link
one.exnesstrack.org/a/mcl4ue398y?source=app
t.me/usa_uae_xauusd_trader
Join my referal broker link
one.exnesstrack.org/a/mcl4ue398y?source=app
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.