BTC | Long Idea
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are providing favorable conditions for further upside in crypto assets.
📈 Technical Analysis
📌 Game Plan
🎯 Setup Trigger
Look for a 1H market structure break after price taps the $120,000 confluence zone.
📋 Trade Management
Stoploss: Below the 1H swing low that confirms the break of structure.
Target: Direct push towards all-time highs at $123,300.
💬 Like, follow, and comment if you find this setup valuable!
Disclaimer: This is not financial advice. The content is for informational and educational purposes only and reflects personal opinions.
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are providing favorable conditions for further upside in crypto assets.
📈 Technical Analysis
- Price formed a 4H demand zone and immediately retested it, showing a strong bullish reaction.
- That retest offered a perfect entry, but there’s still potential for another move back to the demand zone before pushing higher.
- The 1H swing low liquidity sits in confluence with both the 4H demand zone and the 0.5 Fibonacci retracement level — a strong triple confluence.
- This alignment occurs around the $120,000 level, making it a key watchpoint.
📌 Game Plan
- Wait for price to revisit the 4H demand zone.
- Look for a sweep of the 1H swing low liquidity.
- See the 0.5 Fibonacci level tapped for maximum discount before continuation.
🎯 Setup Trigger
Look for a 1H market structure break after price taps the $120,000 confluence zone.
📋 Trade Management
Stoploss: Below the 1H swing low that confirms the break of structure.
Target: Direct push towards all-time highs at $123,300.
💬 Like, follow, and comment if you find this setup valuable!
Disclaimer: This is not financial advice. The content is for informational and educational purposes only and reflects personal opinions.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.