BTC/USDT - 4H Analysis: Long Bias
2024-12-30
Category: None

Hello traders! 📈

The current BTC/USDT chart is aligning well with a bullish setup, supporting my long bias. Here's the breakdown:

1️⃣ Market Structure:

    We've observed a Break of Structure (BOS) after a mitigation of sell-side liquidity.
    A bullish Fair Value Gap (FVG) has formed, which could act as a magnet for price as momentum builds.

2️⃣ Liquidity:

    Buy-side liquidity zones above $98,500 and $106,000 are key targets for this move.

3️⃣ EMA Compression:

    EMAs are compressing, signaling a potential momentum shift to the upside. A clean break above $95,000 would confirm bullish continuation.

4️⃣ Trade Setup:

    Entry Zone: $93,000 - $94,000, near current support levels.
    Stop Loss: Below $92,300, protecting against invalidation of the long bias.
    Targets:
        First TP at $98,500, where intermediate liquidity resides.
        Second TP at $106,000, aligning with higher timeframe objectives.

🎯 Key Notes:

    Watch for price reaction around $98,500. If momentum sustains, holding for $106,000 is a possibility.
    Manage risk wisely and stick to your plan. This trade offers a strong risk-to-reward ratio.

Let me know how you're trading this in the comments. Happy trading and stay green! 💚🚀