Bitcoin has shown signs of a potential reversal on the 4-hour timeframe after a sharp breakdown below support, which appears to be a classic liquidity grab or Turtle Soup setup. This move likely aimed to flush out weak hands before a possible bullish reversal.
A key 4H candle, forming a doji/hammer pattern, signals that selling pressure may have been exhausted, increasing the probability of an upward move. Based on this confirmation, I have entered a long position, anticipating a recovery toward previous highs.
My stop-loss is placed just below the recent low to manage risk effectively. If Bitcoin holds above this level and gains momentum, I expect a retest of previous range highs and potentially all-time highs. A breakout and close above the 109,000 resistance zone would further validate the bullish case, while failure to sustain support could invalidate the setup.
A key 4H candle, forming a doji/hammer pattern, signals that selling pressure may have been exhausted, increasing the probability of an upward move. Based on this confirmation, I have entered a long position, anticipating a recovery toward previous highs.
My stop-loss is placed just below the recent low to manage risk effectively. If Bitcoin holds above this level and gains momentum, I expect a retest of previous range highs and potentially all-time highs. A breakout and close above the 109,000 resistance zone would further validate the bullish case, while failure to sustain support could invalidate the setup.
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.
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.