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4-hour BTC/USDT
Current Market Structure:
Trend: Strong bullish trend.
Price Action: BTC is consolidating after a strong impulse up, right near a liquidity area and within a potential bearish supply zone.
Key Zones:
4h Bullish Fair Value Gap (FVG): Around 92,728.57 โ 92,559.42 USDT โ this acts as a support zone for potential pullbacks.
Next Liquidity Zone (Resistance): Just above the current price, around 95,000 โ 96,000 USDT.
Trade Idea:
Scenario 1: Long (Bullish) Setup
If price respects the FVG and forms a bullish structure (e.g., a bullish engulfing pattern or strong bounce), consider:
Entry: Around 92,700 โ 92,600 USDT (on confirmation with candle patterns).
Take Profit (TP):
TP1: 95,000 USDT (Next Liquidity zone).
TP2: 96,500 โ 97,000 USDT (extended liquidity above resistance).
Stop Loss (SL): Below FVG zone, around 92,300 โ 92,000 USDT.
Scenario 2: Short (Bearish Rejection) Setup
If price shows rejection signs at current resistance:
Entry: Near 93,800 โ 94,000 USDT (bearish engulfing or pin bar at resistance).
Take Profit (TP):
TP1: 92,700 USDT (top of FVG zone).
TP2: 92,000 USDT (bottom of FVG).
Stop Loss (SL): Above recent high โ around 94,500 โ 95,000 USDT.