BTC/USD – 4H Technical and Fundamental Analysis
BTC/USD saw sharp downside pressure today, driven by a wave of long position liquidations—exceeding $800 million across the crypto market in the past 24 hours. The sudden shift triggered panic selling, dragging Bitcoin below its psychological and technical support near $116,000. Broader crypto market sentiment turned risk-off as large investors reduced exposure, accelerating the sell-off.
Fundamentally, the market remains cautious amid a lack of positive macroeconomic catalysts for risk assets. Speculation about stricter U.S. regulatory oversight and declining inflows into crypto ETFs also dampened sentiment. Combined with hawkish remarks from Fed officials, which keep interest rates elevated, appetite for high-risk assets like Bitcoin weakened further.
From a technical perspective, BTC/USD broke below the major support level of $116,000, confirming bearish pressure. This breakdown followed a period of consolidation, with price failing to maintain bullish momentum. A liquidity hunt appears to be underway, with price revisiting the zone to trap breakout traders before resuming its move.
We are now watching for a confirmed 4H candle close below the liquidity zone. Once confirmed, a short setup is validated, with targets aligned with the next key support zone.
📍 Sell Setup
Entry: Sell Limit at 115,980.00
Stop Loss: 117,985.00
Take Profit: 111,940.00
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
BTC/USD saw sharp downside pressure today, driven by a wave of long position liquidations—exceeding $800 million across the crypto market in the past 24 hours. The sudden shift triggered panic selling, dragging Bitcoin below its psychological and technical support near $116,000. Broader crypto market sentiment turned risk-off as large investors reduced exposure, accelerating the sell-off.
Fundamentally, the market remains cautious amid a lack of positive macroeconomic catalysts for risk assets. Speculation about stricter U.S. regulatory oversight and declining inflows into crypto ETFs also dampened sentiment. Combined with hawkish remarks from Fed officials, which keep interest rates elevated, appetite for high-risk assets like Bitcoin weakened further.
From a technical perspective, BTC/USD broke below the major support level of $116,000, confirming bearish pressure. This breakdown followed a period of consolidation, with price failing to maintain bullish momentum. A liquidity hunt appears to be underway, with price revisiting the zone to trap breakout traders before resuming its move.
We are now watching for a confirmed 4H candle close below the liquidity zone. Once confirmed, a short setup is validated, with targets aligned with the next key support zone.
📍 Sell Setup
Entry: Sell Limit at 115,980.00
Stop Loss: 117,985.00
Take Profit: 111,940.00
📌 Disclaimer:
This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
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.
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.