Bitcoin
Long

Technical Analysis BTC/USD (4h) – Potential Bullish Scenario

119

Rebound from Local Support (~105,000 USD)
The price reacted to a key support level and is showing early bullish candles, suggesting a possible continuation of the upward trend.

WT_LB Oscillator (WaveTrend)
Currently in the oversold zone and starting to curl upward – a typical early buy signal.

Medium-Term Trend Still Bullish
The recent pullback hasn’t broken key market structure – likely just a profit-taking phase before another leg up.

Structure of Higher Highs and Higher Lows (HH-HL)
The chart continues to show a bullish structure, and the current consolidation may serve as a base for an upward breakout.

⚠️ Trade Setup:
Entry: ~105,460 USD

Take Profit (TP): ~116,265 USD

Stop Loss (SL): ~102,249 USD

Risk-to-Reward (R/R): Approximately 1:3 – favorable setup.

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