$BTC /USDT – Intraday Short Plan (1H + 4H Confluence)
Bias: Short-term bearish pullback after 122,450 rejection.
Setup: Short 118,950–119,200, SL 120,300, TP1 118,050 TP2 117,350 (R:R ≈ 1.5–2.0). Triggers: 1H bearish rejection or weak bounce into fast EMAs with MACD < 0. Invalidation: 4H close > 120,300 with strong volume. Plan: Take partial at TP1 → move SL to breakeven → run remainder to TP2. Macro watch (next ~2–3 days): US CPI/PPI or any fresh Fed remarks may spike volatility.
Price broke out of the Falling Wedge and is holding above $3.25 support. Strong consolidation here — if it stays above, I’m looking to go LONG. Ripple remains one of the strongest majors this cycle. 🚀
The setup is building for a potential LONG position — but I’m staying on the sidelines for now.
📌 Key Level to Watch: $116,200
This is the make-or-break resistance zone. A clean breakout above this level will confirm bullish momentum and open the gates for a strong upward rally. 🚀
Until then, I’m letting the market show its hand. No position opened yet — waiting for confirmation is the real alpha. 🧠
📊 Stay sharp. Stay patient. Let price action lead.
$BTC just gave us a solid bounce from the $112K level — a much-needed relief! 📈 Now it’s slowly grinding its way upward… but the real test is coming soon.
🔸 Key Resistance Zone: $116K – $117K This is the make-or-break area. ✅ A breakout above this zone could send Bitcoin flying to new highs. ❌ A rejection here? We’re likely heading back to retest the lows.
💡 Pro Tip: If $BTC dips again and sweeps below $112K but quickly reclaims it, that could be a classic stop-hunt liquidity trap — a golden buy opportunity for smart traders! 🧠🚀
🟡 BITCOIN MONTHLY OUTLOOK – AUGUST KICKED OFF WITH A DUMP!
Well… that was not the welcome we were hoping for this month! 📉 $BTC took a hit alongside US stocks after Jerome Powell shut down any hopes for rate cuts.
🔍 Zooming out to the monthly chart: There's a major support zone down at $102K, and if price dips that low (big IF!), it could be a golden buying opportunity. But honestly, I'd rather see a shallow correction that holds above $110K — this would keep altcoins alive and kick off a healthier altseason. 📉 If we dip into the $102K–$107K range, sure it’s a buy zone — but expect heavy pain and brutal sideways action on alts!
So… what’s the play? ❌ Time for leveraged longs? → Nope ❌ Time to panic and short? → Also nope
📌 Best move right now? Sit back. Relax. Watch the chart. Patience always pays in crypto.