BTCUSD (H4) โ Buy Analysis ๐
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. ๐๐

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