BTC | Long Idea
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are providing favorable conditions for further upside in crypto assets.
📈 Technical Analysis
📌 Game Plan
🎯 Setup Trigger
Look for a 1H market structure break after price taps the $120,000 confluence zone.
📋 Trade Management
Stoploss: Below the 1H swing low that confirms the break of structure.
Target: Direct push towards all-time highs at $123,300.
💬 Like, follow, and comment if you find this setup valuable!
Disclaimer: This is not financial advice. The content is for informational and educational purposes only and reflects personal opinions.
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are providing favorable conditions for further upside in crypto assets.
📈 Technical Analysis
- Price formed a 4H demand zone and immediately retested it, showing a strong bullish reaction.
- That retest offered a perfect entry, but there’s still potential for another move back to the demand zone before pushing higher.
- The 1H swing low liquidity sits in confluence with both the 4H demand zone and the 0.5 Fibonacci retracement level — a strong triple confluence.
- This alignment occurs around the $120,000 level, making it a key watchpoint.
📌 Game Plan
- Wait for price to revisit the 4H demand zone.
- Look for a sweep of the 1H swing low liquidity.
- See the 0.5 Fibonacci level tapped for maximum discount before continuation.
🎯 Setup Trigger
Look for a 1H market structure break after price taps the $120,000 confluence zone.
📋 Trade Management
Stoploss: Below the 1H swing low that confirms the break of structure.
Target: Direct push towards all-time highs at $123,300.
💬 Like, follow, and comment if you find this setup valuable!
Disclaimer: This is not financial advice. The content is for informational and educational purposes only and reflects personal opinions.
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.