Welcome back, guys! 👋I'm Skeptic, and today we’re diving into Bitcoin (BTC/USD) after a series of intense market moves driven by Trump's tariff decisions, rising inflation concerns, and persistent interest rates. Let’s break it down and see where we stand.
🔮4-Hour Time Frame Analysis
Bitcoin recently faced some heavy volatility, but as I mentioned in previous analyses, we have a strong PRZ (Potential Reversal Zone) between $80,000 - $82,000. This zone has managed to hold weekly candles above it, maintaining the major uptrend on the weekly chart. However, on lower time frames, the downtrend is still prominent, so it’s crucial to stay cautious with short positions for now.
Having a balanced perspective on the market always helps, so while the long-term trend remains bullish, we should be mindful of short-term bearish momentum and avoid being overly biased.
📉Short Setup
The previous short trigger at 88,322.42 worked out well, giving us a solid downward move. Currently, the situation has become more complex with heightened volatility and uncertainty. Therefore, it’s wise to reduce risk for now.
Our primary short trigger is a break below 79,083.93. Once this level gives way, the next support target would be 76,616.28, which could also serve as a safe spot to secure some profit.
📈Long Setup
For long positions, I’d prefer waiting for a break above 83,818.74. However, rather than jumping in right away, I’d like to see a confirmed higher high and higher low, allowing us to enter with a tighter stop loss and a better risk/reward ratio. This approach increases our confidence and reduces exposure.
Let me know your thoughts on BTC/USD! 💬 Got any questions? Drop them in the comments, and I’ll be happy to discuss. Let’s grow together, not alone! 🔥
🔮4-Hour Time Frame Analysis
Bitcoin recently faced some heavy volatility, but as I mentioned in previous analyses, we have a strong PRZ (Potential Reversal Zone) between $80,000 - $82,000. This zone has managed to hold weekly candles above it, maintaining the major uptrend on the weekly chart. However, on lower time frames, the downtrend is still prominent, so it’s crucial to stay cautious with short positions for now.
Having a balanced perspective on the market always helps, so while the long-term trend remains bullish, we should be mindful of short-term bearish momentum and avoid being overly biased.
📉Short Setup
The previous short trigger at 88,322.42 worked out well, giving us a solid downward move. Currently, the situation has become more complex with heightened volatility and uncertainty. Therefore, it’s wise to reduce risk for now.
Our primary short trigger is a break below 79,083.93. Once this level gives way, the next support target would be 76,616.28, which could also serve as a safe spot to secure some profit.
📈Long Setup
For long positions, I’d prefer waiting for a break above 83,818.74. However, rather than jumping in right away, I’d like to see a confirmed higher high and higher low, allowing us to enter with a tighter stop loss and a better risk/reward ratio. This approach increases our confidence and reduces exposure.
Let me know your thoughts on BTC/USD! 💬 Got any questions? Drop them in the comments, and I’ll be happy to discuss. Let’s grow together, not alone! 🔥
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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.
Related publications
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.