Hello traders! Here is my latest technical outlook for Bitcoin (BTCUSDT) on the 4-hour timeframe.
### 📊 Market Overview
Bitcoin is currently consolidating around the *$61,800 area after breaking below the ascending trendline. Looking closely at the current market structure, I have mapped out three potential trajectories based on key liquidity and support zones.
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### 🟢 My Primary Scenario: The Green Path (Highly Likely)
I am personally favoring the Green Path for the upcoming move. Here is the breakdown:
*Shallow Liquidity Grab: I expect a brief dip into the immediate support zone between $60,500 and $61,000 to trap late shorts and build buy volume.
*Bullish Reversal: Once buyers defend this area, we should see a strong upward momentum capable of breaking through the major red resistance zone ($64,000 – $65,500).
*Target: My main target for this specific wave is around the $67,000 level.
---
### 🟡 & 🔵 Alternative Scenarios (Yellow & Blue Paths)
If the immediate support fails to hold, we must be prepared for a deeper correction before the next major leg up:
*Yellow Path: A deeper dip down to the $59,000 support level to clear liquidity before a sharp bounce towards $68,000.
*Blue Path: A worst-case short-term scenario testing the major demand zone cluster at $57,500 – $58,000 before a massive rally back to $69,000.
---
### 🔑 Key Levels to Watch
*Immediate Support Zone: $60,500 - $61,000
*Major Demand Zone: $57,500 - $59,000
*Key Resistance Block: $64,000 - $65,500
What are your thoughts on this setup? Do you think the immediate support will hold for the green path, or are we heading deeper first? Let me know in the comments below!
⚠️ Disclaimer: This analysis is for educational purposes only and represents my personal opinion. It is not financial advice. Always manage your risk properly.*
### 📊 Market Overview
Bitcoin is currently consolidating around the *$61,800 area after breaking below the ascending trendline. Looking closely at the current market structure, I have mapped out three potential trajectories based on key liquidity and support zones.
---
### 🟢 My Primary Scenario: The Green Path (Highly Likely)
I am personally favoring the Green Path for the upcoming move. Here is the breakdown:
*Shallow Liquidity Grab: I expect a brief dip into the immediate support zone between $60,500 and $61,000 to trap late shorts and build buy volume.
*Bullish Reversal: Once buyers defend this area, we should see a strong upward momentum capable of breaking through the major red resistance zone ($64,000 – $65,500).
*Target: My main target for this specific wave is around the $67,000 level.
---
### 🟡 & 🔵 Alternative Scenarios (Yellow & Blue Paths)
If the immediate support fails to hold, we must be prepared for a deeper correction before the next major leg up:
*Yellow Path: A deeper dip down to the $59,000 support level to clear liquidity before a sharp bounce towards $68,000.
*Blue Path: A worst-case short-term scenario testing the major demand zone cluster at $57,500 – $58,000 before a massive rally back to $69,000.
---
### 🔑 Key Levels to Watch
*Immediate Support Zone: $60,500 - $61,000
*Major Demand Zone: $57,500 - $59,000
*Key Resistance Block: $64,000 - $65,500
What are your thoughts on this setup? Do you think the immediate support will hold for the green path, or are we heading deeper first? Let me know in the comments below!
⚠️ Disclaimer: This analysis is for educational purposes only and represents my personal opinion. It is not financial advice. Always manage your risk properly.*
Nota
Dagangan aktif
there's no new low i opened long Nota
Nota
Nota
i'm still bullish on BTCNota
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
