BTCUSD TRADE IDEA

BTCUSD (H4)

• Trend: Bullish recovery approaching a major resistance zone.
• Resistance: 64,400–65,400 (first supply zone), 67,200 (major resistance).
• Support: 61,700.

Short Setup:

• Wait for a bearish rejection or bearish engulfing candle around 64,400–65,400.
• Entry: After confirmation of rejection.
• Stop Loss: Above 65,600 (or above the rejection high).
• Take Profit 1: 63,000.
• Take Profit 2: 61,800.

Bias: Price is testing a key resistance area. If buyers fail to break and hold above 65,400, a pullback toward support is the higher-probability short setup. Avoid entering before bearish confirmation.