π Market Overview
BTC remains in a strong bullish trend on the H4 timeframe. After breaking above the previous resistance zone around 64.7K, price has successfully turned it into support and is now consolidating near 66.4K.
The recent rally has been supported by:
β Price holding above all major EMAs (EMA20, EMA50, EMA200).
β Higher highs and higher lows continue to form.
β The previous resistance zone (64.7Kβ65K) is now acting as a key support area.
β Buyers are still in control despite the current short-term consolidation.
π Trading Plan
Bullish Scenario (Preferred)
As long as BTC stays above 65K, the uptrend remains intact.
Look for LONG opportunities on pullbacks rather than chasing green candles.
Potential pullback zone: 65.5Kβ65.0K, where buyers may step in again.
Short-term upside targets:
π― 67.0K
π― 68.0K
Bearish Scenario
If BTC loses 65K with strong selling volume, expect a deeper retracement toward the 64.7K support zone.
Even then, the overall H4 trend would still remain bullish unless this support is decisively broken.
β οΈ Risk Management
Avoid FOMO after such a strong impulsive move.
Wait for a healthy pullback or a confirmed breakout before entering.
Always use a stop loss and keep risk under control.
π‘ Current bias: Bullish. The trend is still favoring LONG setups until key support levels are broken.
This is my personal market view and not financial advice. Always do your own research and manage your risk carefully. π