BTCUSD TRADE IDEA

BTCUSD (H4) โ€“ Buy Analysis ๐Ÿ“ˆ

Bias: Bullish (Short-Term Recovery)

Entry Zone: 63,800 โ€“ 64,400

Stop Loss: 61,500

Take Profit Targets:

  • TP1: 66,000
  • TP2: 67,255
  • TP3: 70,000

Technical Reasoning:

  • Strong support is holding around 61,633.
  • Price has formed a higher low after the recent selloff.
  • BTC is attempting to reclaim and hold above the 64,330 resistance zone.
  • A breakout above 64,330 could trigger momentum toward 67,255.

Confirmation Signal:

  • Wait for an H4 candle close above 64,330.
  • Increased bullish volume would strengthen the setup.

Trade Idea:
Buy above 64,330, targeting 67,255, while keeping risk below 61,500. A successful breakout could signal a larger recovery move. ๐Ÿ“ˆ๐Ÿš€

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