Bitcoin (BTC) is showing a strong bullish setup on the 4H chart, following a clean bounce from the pivot level around $94,103. This bounce was accompanied by a strong buy signal, increased volume, and an upward trend in RSI, confirming buyer momentum.
Key levels I'm watching:
Support: $94,100 (Pivot), $93,217
Resistance Targets: $94,989 (R1), $95,536 (R2), and $96,421 (R3)
The price action suggests a breakout toward R2 and possibly R3 in the coming sessions. A sustained close above R1 would confirm this move.
Strategy:
Ideal for a short-term swing trade setup — entry near $94,800, take profits near R2 & R3, and a stop-loss just below $93,200 for safety.
Indicators used:
Trendlines
Pivot Points
RSI (bullish crossover)
Volume Confirmation
Buy/Strong Buy Labels
Key levels I'm watching:
Support: $94,100 (Pivot), $93,217
Resistance Targets: $94,989 (R1), $95,536 (R2), and $96,421 (R3)
The price action suggests a breakout toward R2 and possibly R3 in the coming sessions. A sustained close above R1 would confirm this move.
Strategy:
Ideal for a short-term swing trade setup — entry near $94,800, take profits near R2 & R3, and a stop-loss just below $93,200 for safety.
Indicators used:
Trendlines
Pivot Points
RSI (bullish crossover)
Volume Confirmation
Buy/Strong Buy Labels
Trade active
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.
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.