The BTCUSDT 4-hour chart is showing a clearly bullish structure. After consolidating below the $108,664–$107,800 resistance for several weeks, Bitcoin finally broke above this area with a strong impulsive move, confirming the zone as a new support. This breakout coincides with improving market sentiment, especially after Metaplanet’s $108 million purchase of BTC and a surge in ETF inflows, which have been helping Bitcoin reclaim levels above $109,000. The price is currently consolidating just above the breakout area, indicating that buyers are defending this zone aggressively.
Resistance Level 1, around $110,254, is the first significant barrier and aligns with the area that rejected price several times in late May. If this level is broken, the next target sits at Resistance Level 2 near $111,653, which was the major swing high established in early May. Holding above the current support is critical, as a decisive 4-hour close below $107,440 would invalidate this bullish scenario and likely trigger a deeper retracement.
The recent price behavior suggests a potential ascending triangle breakout retest, a classic continuation pattern where buyers step in on each dip. Momentum remains strong, and the risk/reward profile favors long setups as long as the higher-low structure is preserved.
Trade Setup (Bullish Idea)
Entry Zone: $108,700–$109,000 (on a confirmed retest of support)
Stop Loss: $107,440 (beneath the invalidation zone)
Take Profit Targets
o TP1: $110,254
o TP2: $111,653
The setup offers an estimated 2.4–2.7 risk/reward ratio, depending on precise entry and execution. As always, it’s recommended to wait for confirmation candles or wicks rejecting the support zone before entering.
If the breakout holds and volume expands on the push through TP1, Bitcoin could quickly revisit the $112,000 area in line with broader market optimism and institutional buying. Just be aware of the invalidation level, as any breakdown below $107,440 could trigger a fast move back to prior range lows.
Resistance Level 1, around $110,254, is the first significant barrier and aligns with the area that rejected price several times in late May. If this level is broken, the next target sits at Resistance Level 2 near $111,653, which was the major swing high established in early May. Holding above the current support is critical, as a decisive 4-hour close below $107,440 would invalidate this bullish scenario and likely trigger a deeper retracement.
The recent price behavior suggests a potential ascending triangle breakout retest, a classic continuation pattern where buyers step in on each dip. Momentum remains strong, and the risk/reward profile favors long setups as long as the higher-low structure is preserved.
Trade Setup (Bullish Idea)
Entry Zone: $108,700–$109,000 (on a confirmed retest of support)
Stop Loss: $107,440 (beneath the invalidation zone)
Take Profit Targets
o TP1: $110,254
o TP2: $111,653
The setup offers an estimated 2.4–2.7 risk/reward ratio, depending on precise entry and execution. As always, it’s recommended to wait for confirmation candles or wicks rejecting the support zone before entering.
If the breakout holds and volume expands on the push through TP1, Bitcoin could quickly revisit the $112,000 area in line with broader market optimism and institutional buying. Just be aware of the invalidation level, as any breakdown below $107,440 could trigger a fast move back to prior range lows.
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.