Bitcoin
Long
Updated

BTC/USD 4H:ratio if price respects the bullish setup

214
Resistance Zone: Highlighted at the top (around the 90,000–92,000 range), where price has reversed before.

Support Zone: Marked at the bottom (around the 75,000–78,000 level), a strong area where buyers tend to come in.

3. Market Structure
BOS (Break of Structure): Two major BOS areas are circled, indicating a shift in market trend:

The first on the left shows a shift from bullish to bearish.

The second (more recent) on the right shows a bearish structure shifting back to bullish.

4. Chart Annotations
Trend Lines: A blue bullish trend channel showing the current upward movement.

Fib Retracement Levels: Green horizontal lines suggest Fibonacci levels used to identify potential pullbacks or targets.

Path Projection: Black lines with arrows show a possible future price path—expecting a small pullback before resuming upward movement.

5. Emoji & Sentiment
A sweating emoji near the resistance zone implies caution or anxiety, possibly due to expected volatility or strong resistance.

6. Current Status
Price is currently trading around $87,393.68 with potential for a retracement before pushing higher toward the resistance zone around $89,263.74 and beyond.

Buy/Sell markers show Buy at $83,511.13 and Sell at $86,458.39, indicating a favorable risk-to-reward ratio if price respects the bullish setup.

Trade active
trade is runing in profit 250 pips

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.