📈 BTC 4h - Showing signs of strength
Asset: Bitcoin (BTC/USD)
Timeframe: 4-hour
Direction: Long
Technical Analysis:
Regression Channel:
BTCUSDT.P
remains bullish within an ascending regression channel, respecting the lower bound as support. Consistent bullish character maintained since the channel's formation.
Order Block: Potential retest of the upper order block within the channel, offering a possible long opportunity. Target the key resistance level at 69157.
Liquidity: After a significant move, potential liquidity build-up around the channel's midline suggests a continuation towards either the upper bound or a breakdown for liquidity grabs below.
Fundamental Analysis
Macro Risk: Geopolitical tensions (Israel-Iran) and surging gold prices suggest a flight to safe-haven assets, potentially fueling Bitcoin volatility.
Bitcoin Halving: Anticipation surrounding the halving adds to the potential for explosive price action in the coming week.
Trade Setup:
SMC/ICT Framework: Execute trades on the 15-minute timeframe using order block and FVG (fair value gap) analysis for optimal entry and confirmation.
Levels to watch: 69157, 70862, 72872
Risk Management: Essential in volatile conditions. Employ strict stop-losses and manage position sizes.
Additional Notes:
Confluence: Strong technical and fundamental factors converge here, supporting a potential bullish move within this context.
BTC 15m currently testing the IFVG and 67235 key level
*I welcome feedback and alternative perspectives from other traders.
*Always consider Stop loss for your positions
*Follow your own strategy; this is just my Idea, and I welcome other points of view in the comments.
Timeframe: 4-hour
Direction: Long
Technical Analysis:
Regression Channel:
BTCUSDT.P
remains bullish within an ascending regression channel, respecting the lower bound as support. Consistent bullish character maintained since the channel's formation. Order Block: Potential retest of the upper order block within the channel, offering a possible long opportunity. Target the key resistance level at 69157.
Liquidity: After a significant move, potential liquidity build-up around the channel's midline suggests a continuation towards either the upper bound or a breakdown for liquidity grabs below.
Fundamental Analysis
Macro Risk: Geopolitical tensions (Israel-Iran) and surging gold prices suggest a flight to safe-haven assets, potentially fueling Bitcoin volatility.
Bitcoin Halving: Anticipation surrounding the halving adds to the potential for explosive price action in the coming week.
Trade Setup:
SMC/ICT Framework: Execute trades on the 15-minute timeframe using order block and FVG (fair value gap) analysis for optimal entry and confirmation.
Levels to watch: 69157, 70862, 72872
Risk Management: Essential in volatile conditions. Employ strict stop-losses and manage position sizes.
Additional Notes:
Confluence: Strong technical and fundamental factors converge here, supporting a potential bullish move within this context.
BTC 15m currently testing the IFVG and 67235 key level
*I welcome feedback and alternative perspectives from other traders.
*Always consider Stop loss for your positions
*Follow your own strategy; this is just my Idea, and I welcome other points of view in the comments.