BTC 4h Chart Analysis 
2025-02-02
Category: None

Chart Analysis & Trading Strategy

Looking at the chart, here is a breakdown of the key components:

Trend Analysis
	•	Current Price: BTC/USDT is trading at $99,630, which indicates a slight drop (-1.00%) in the 4H time frame.
	•	Stochastic Oscillator: The momentum indicator suggests the market is likely in the oversold territory or nearing a reversal zone.
	•	EMA Levels:
	•	EMA 20 and EMA 50 are likely providing resistance levels, aligning with the corrective movement.

Key Levels
	•	Entry Point: The entry level is marked at $97,777.77, a possible area of demand or a bounce zone.
	•	Take Profit (TP) Targets:
	1.	TP1 (38.2% Fibonacci): $102,289.28
	2.	TP2 (50.0% Fibonacci): $103,682.89
	3.	TP3 (61.8% Fibonacci): $105,076.49
	•	Additional extended targets are visible at $107,060.61 and $109,588.00, likely aligning with key Fibonacci retracement zones.
	•	Stop Loss (SL): Placed at $94,990.56, just below recent support to limit downside risk.

Strategy

This setup reflects a Swing Trading Strategy that leverages Fibonacci retracement and EMA dynamics.
	•	Action Plan:
	•	Buy near the demand zone ($97,777.77) with the targets and stop loss mentioned above.
	•	Monitor volume and stochastic crossovers for added confirmation.

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Risk Management
	•	Reward-to-Risk Ratio: Aiming for higher profit zones with a 2:1 or better WL ratio (2.13 as per chart).
	•	Backup Plan: If the price breaks below the stop loss, wait for confirmation of reversal before re-entering.

Market Sentiment
	•	Short-Term Outlook: Bearish correction, but signs of potential recovery from oversold levels.
	•	Key Resistance: Watch for reaction at $103,483.19 for possible rejection or breakout continuation.

Would you like a visualization of how the Fibonacci levels interact with price action, or do you have any specific questions about this setup?

This is not financial advice. Always do your own research before investing.

