๐ง My clear thinking (Bitcoin โ 4H)
In this chart, the overall trend is still bearish/corrective. After strong selling, BTC took a sharp bounce near 60k, which clearly looks like a liquidity grab + short covering, not a full trend reversal. Now the price is stuck in a range around 70,500, where 70.8kโ72k appears to be a strong resistance zone (green + red zones overlap). Until the 4H candle closes strongly above 72k, this move will only be considered a pullback, not a trend change.
On the downside, there is good support at 68kโ66k, but if that breaks, a retest of 62kโ60k is also possible.
๐ Therefore, blind buying here is risky. The best approach is:
If you are an aggressive trader, only buy small amounts near support with a tight stop-loss.
If you are a safe trader, wait for a breakout above 72k.
Conclusion:
The market is currently testing patience. Profit will only be made with a confirmed entry;
otherwise, this range can eat up traders' money. ๐ต Where to BUY?
There are two safe buy zones:
โ Buy Zone 1 (Best & Safe)
66,000 โ 67,200
This is a strong demand zone + previous base
The last bounce came from here
Best Risk-Reward ratio
SL: 64,800
TP1: 70,500
TP2: 72,000
TP3: 75,000 (if momentum builds)
โ ๏ธ Buy Zone 2 (Aggressive)
69,200 โ 69,800
Only buy when a 15m / 1H bullish candle is confirmed
This is a range trade, not a swing trade
SL: 68,400
TP: 71,500 โ 72,000
โ Do not buy blindly in this zone
๐ด Where to SELL?
โ Sell Zone 1 (Strong Resistance)
71,800 โ 72,500
4H supply zone
Strong rejection was seen here before
SL: 73,300
TP1: 69,000
TP2: 66,500
๐ฅ Sell Zone 2 (Very Strong)
74,500 โ 75,500
If the price pumps to this level,
it's a golden shorting opportunity
SL: 76,300
TP: 72,000 โ 69,000
๐ง Important Rule (Do not ignore this)
4H close above 72,000 = SELL cancelled
4H close below 65,000 = BUY cancelled
๐ Simple Conclusion#BTC
๐ The trend is still corrective / bearish
๐ข Buy only at support
๐ด Sell only at resistance
โ Trading in between = overtrading$BTC $BTC
