BTCUSD Technical Analysis
February 4, 2025
Trade Setup: Short Position
set up : price rejection with bearish candle on 0.382 fib
Trading Range: Sideways consolidation pattern
Timeframe: 4 H
Technical Structure
Price testing major resistance level at 100,223 or 0.382 fib
Sideways trend indicating market indecision on since
Range-bound price action on daily chart
Resistance zone historically significant
Stop Loss: Above range high
Take Profit: Lower range major support at 92k area
Position size: According to risk tolerance
February 4, 2025
Trade Setup: Short Position
set up : price rejection with bearish candle on 0.382 fib
Trading Range: Sideways consolidation pattern
Timeframe: 4 H
Technical Structure
Price testing major resistance level at 100,223 or 0.382 fib
Sideways trend indicating market indecision on since
Range-bound price action on daily chart
Resistance zone historically significant
Stop Loss: Above range high
Take Profit: Lower range major support at 92k area
Position size: According to risk tolerance
Trade closed: target reached
take profit
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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.
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.