FX.co ★ #Bitcoin chart analysis

Bitcoin / TetherUS · 4h · Binance | $63,941.99 +0.19%_ 1. Price Structure_ Left to right: Dec-Jan ∼$92K-$98K range > Feb crash ∼$60K = LH. Feb ∼$60K > Mar ∼$75K > Apr-May ∼$80K = LH sequence. May ∼$80K > Jun drop ∼$60K > Jul low ∼$58K > Current $63,941.99 = HL. No HH above $80K since May. Structure is bearish but basing. 2. Trend Direction_ 4H neutral to bearish. Sequence: $98K > $80K > $63,941. Trend break: $70K lost in June. Momentum: +0.19% small green candle, grinding up from July lows. Bias bullish only on 4H close >$70,000. Bias bearish while below $80,000. Still in corrective phase. 3. Volume Analysis_ Spikes: Feb crash = highest volume = capitulation. June and July drops also had elevated volume. Current bounce volume 2.56K is low. Weak conviction on this rise. 4. Moving Averages_ No MAs visible. Price action: Top near $100K in Jan, Feb crash, 4-month recovery to $80K, then June breakdown. Now holding above $60K. 5. RSI and Momentum_ No sub-panel. Price: Downtrend $98K→$58K, now +0.19% bounce to $63,941. Momentum is flat. Needs to break $65K-$66K to show strength. 6. Key Support and Resistance_ Support_: $63,000, $60,000 psychological, $58,000 July low, $55,000. Resistance_: $65,000, $66,000, $68,000, $70,000 psychological, $75,000, $80,000. Flip_: $65,000. Above $65K = test $66K-$68K, below $63K = retest $60K-$58K. 7. Trading Plan_ Short bias_: 4H rejection at $66,000-$68,000. Entry $65,500. SL $68,500, TP1 $63,000, TP2 $60,000, TP3 $58,000. R:R ∼1:1.7. Long bias_: 4H hold >$65,000. Entry $65,200, SL $63,000, TP1 $68,000, TP2 $70,000. R:R ∼1:1.3. Long only if_: 4H reclaim >$70,000 with volume. Entry $70,500, SL $68,500, TP $75,000/$80,000. No-trade_: $63,000-$65,000 chop without 4H close. 8. Risk Management_ Rule 1: $58,000 break = drop to $55,000-$52,000. Rule 2: BTC 4H ATR $2K-$4K. Macro/ETF/SEC risk high. Size: 0.5%-1% risk. 9. Invalidation Levels_ Bearish invalid_: 4H Close >$80,000 → $90K-$98K next. Bullish invalid_: 4H Close