Bitcoin is currently trading beneath a Bullish Resistance Curve on the 4-hour timeframe, where price has formed a 4H Initial Reversal (I.R.). This structure suggests that the recent pullback is likely a continuation pattern rather than the beginning of a fresh bullish trend.
According to the Market Footprinting Trading Concept, the Bullish Resistance Curve is acting as dynamic resistance, preventing buyers from pushing the market into a new impulsive move. As long as BTC remains below this curve, sellers retain the short-term advantage.
Trading Plan
Market Bias: Bearish (Short-Term)
Timeframe: 4H
Confirmation: 4H Initial Reversal (I.R.)
Entry Strategy: Wait for a 5-Minute Initial Reversal (I.R.)
Target: The highlighted support zone around 63,200–63,300.
Invalidation: A strong 4H candle close above the Bullish Resistance Curve would invalidate the bearish outlook.
From a Market Footprinting Trading Concept perspective, the current structure favors continuation to the downside. Bitcoin is expected to remain under selling pressure until a confirmed 4H Upside Initial Reversal (I.R.) develops. Until then, rallies into resistance may provide higher-probability short opportunities after lower-timeframe confirmation.
Disclaimer: This analysis is for educational purposes only and reflects the Market Footprinting Trading Concept. Always wait for confirmation and practice proper risk management before taking any trade.
According to the Market Footprinting Trading Concept, the Bullish Resistance Curve is acting as dynamic resistance, preventing buyers from pushing the market into a new impulsive move. As long as BTC remains below this curve, sellers retain the short-term advantage.
Trading Plan
Market Bias: Bearish (Short-Term)
Timeframe: 4H
Confirmation: 4H Initial Reversal (I.R.)
Entry Strategy: Wait for a 5-Minute Initial Reversal (I.R.)
Target: The highlighted support zone around 63,200–63,300.
Invalidation: A strong 4H candle close above the Bullish Resistance Curve would invalidate the bearish outlook.
From a Market Footprinting Trading Concept perspective, the current structure favors continuation to the downside. Bitcoin is expected to remain under selling pressure until a confirmed 4H Upside Initial Reversal (I.R.) develops. Until then, rallies into resistance may provide higher-probability short opportunities after lower-timeframe confirmation.
Disclaimer: This analysis is for educational purposes only and reflects the Market Footprinting Trading Concept. Always wait for confirmation and practice proper risk management before taking any trade.
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.