Overall Structure & Trend
Over the past several 4-hour candles, BTCUSD has carved out a series of higher lows around 116,500–117,000 and higher highs around 120,000–120,500, defining a gentle up-sloping channel.
The current price (118,758) sits just above the middle of that channel, suggesting there’s still room toward the upper trendline before meeting heavy supply.
Key Support & Entry Zone
Primary support lies at 117,200–117,500 (the former swing high from three bars ago), which also aligns with the 50% retracement of the move up from 114,500 to 120,500. That zone offers confluence for the 118,758 entry.
A secondary buffer sits at 116,849 (your stop-loss), just below the channel’s lower boundary—if price breaches here, the bullish structure would be invalidated.
Over the past several 4-hour candles, BTCUSD has carved out a series of higher lows around 116,500–117,000 and higher highs around 120,000–120,500, defining a gentle up-sloping channel.
The current price (118,758) sits just above the middle of that channel, suggesting there’s still room toward the upper trendline before meeting heavy supply.
Key Support & Entry Zone
Primary support lies at 117,200–117,500 (the former swing high from three bars ago), which also aligns with the 50% retracement of the move up from 114,500 to 120,500. That zone offers confluence for the 118,758 entry.
A secondary buffer sits at 116,849 (your stop-loss), just below the channel’s lower boundary—if price breaches here, the bullish structure would be invalidated.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.