$BTC
Latest BTC market analysis and trading plan:
Weekly (1W): The trend is oscillating and slightly bearish. The price is constrained below the weekly MA20 at 76,958, and quite far from MA60 (94,706).
Daily (1D): It shows a HH/HL on the surface, which is in the macro 38.2%-50% retracement zone. MA20 ($71,974) is still moving upwards (with a discounted price of only $68,113), indicating strong support below, but the false breakout pressure above $78,333 is heavy.
4-hour (H4): Confirms a bearish structure (LH/LL). The high has moved down to $76,240, and the low has moved down to $73,724. 1-hour (H1): A short-term HH/HL rebound appears, currently priced at $75,722, which is at the edge of the H4 resistance zone.
Trading plan: Short BTC on rallies (main theme)
Entry logic: Confirmation of pullback after structural break in H4. Enter on short-term rebound in H1 at high levels. Entry range: $75,700 - $76,100 (current price is entering the observation zone).
Stop loss (SL): $78,400 (physically isolating the D1 false breakout high).
Position size: It is recommended to use 3% of the principal as a stop loss, determining the position based on loss.
Take profit (TP) - : Take profit level 1:1 risk-reward position, $72,274 (lock in 30%, move stop loss to break-even). This is also the support zone of D1 MA20.
Take profit level 2 (1:3 RR): $66,148 (reduce position by another 30%).
Remaining (40%): Track the structural high points of H4, continue to hold as long as it doesn't break (LH/LL).
Ultimate target $50,000.
Latest BTC market analysis and trading plan:
Weekly (1W): The trend is oscillating and slightly bearish. The price is constrained below the weekly MA20 at 76,958, and quite far from MA60 (94,706).
Daily (1D): It shows a HH/HL on the surface, which is in the macro 38.2%-50% retracement zone. MA20 ($71,974) is still moving upwards (with a discounted price of only $68,113), indicating strong support below, but the false breakout pressure above $78,333 is heavy.
4-hour (H4): Confirms a bearish structure (LH/LL). The high has moved down to $76,240, and the low has moved down to $73,724. 1-hour (H1): A short-term HH/HL rebound appears, currently priced at $75,722, which is at the edge of the H4 resistance zone.
Trading plan: Short BTC on rallies (main theme)
Entry logic: Confirmation of pullback after structural break in H4. Enter on short-term rebound in H1 at high levels. Entry range: $75,700 - $76,100 (current price is entering the observation zone).
Stop loss (SL): $78,400 (physically isolating the D1 false breakout high).
Position size: It is recommended to use 3% of the principal as a stop loss, determining the position based on loss.
Take profit (TP) - : Take profit level 1:1 risk-reward position, $72,274 (lock in 30%, move stop loss to break-even). This is also the support zone of D1 MA20.
Take profit level 2 (1:3 RR): $66,148 (reduce position by another 30%).
Remaining (40%): Track the structural high points of H4, continue to hold as long as it doesn't break (LH/LL).
Ultimate target $50,000.