BTC formed a Higher High (HH) at $102,724 but failed to sustain an uptrend, leading to a Lower High (LH) at $97,777, indicating a potential trend reversal.
The market is showing lower highs and lower lows, signaling a bearish market structure.
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📉 Key Support & Resistance Levels:
Support: $91,231 and $89,256 (Potential demand zones)
Resistance: $97,777 (Major resistance for breakout)
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📉 RSI Analysis (Bearish Divergence Identified)
Bearish Divergence at the HH (~$102,724) indicated weakening momentum.
RSI has been in a downtrend, recently bouncing at oversold levels, but lacks bullish confirmation.
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🔢 Fibonacci Levels & Trendline Resistance:
BTC is below the key Fibonacci retracement level (0.618), suggesting further downside risk.
A descending trendline from the HH level is acting as a dynamic resistance.
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$BTC / USDT 4H Trading Strategy - Smart Trade Setup
(Professional Trader Analysis)
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📊 Market Overview & Pattern Recognition
Trend Structure:
BTC formed a Higher High (HH) at $102,724 but failed to sustain an uptrend, leading to a Lower High (LH) at $97,777, indicating a potential trend reversal.
The market is showing lower highs and lower lows, signaling a bearish market structure.
---
📉 Key Support & Resistance Levels:
Support: $91,231 and $89,256 (Potential demand zones)
Resistance: $97,777 (Major resistance for breakout)
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📉 RSI Analysis (Bearish Divergence Identified)
Bearish Divergence at the HH (~$102,724) indicated weakening momentum.
RSI has been in a downtrend, recently bouncing at oversold levels, but lacks bullish confirmation.
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🔢 Fibonacci Levels & Trendline Resistance:
BTC is below the key Fibonacci retracement level (0.618), suggesting further downside risk.
A descending trendline from the HH level is acting as a dynamic resistance.
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📉 Trade Setup - Short Opportunity (Sell):
Entry: $96,200 - $96,500 (Current price range)
Stop Loss: $98,000 (Above descending trendline resistance)
Take Profit 1: $92,300 (First key support level)
Take Profit 2: $89,500 (Major demand zone)
Risk-to-Reward Ratio: 1:3 (High R:R, ideal for a short setup)
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📈 Alternative Bullish Scenario - Long Setup (If Breakout Happens):
Entry: Above $98,000 (Confirmed breakout of LH level)
Stop Loss: $96,000
Take Profit: $102,700 (Next major resistance)
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