Chart Overview
• Pair/Timeframe: BTC/USDT – 4H
• Exchange: Bitget
• Pattern: Breakout from a falling wedge / descending channel, shifting momentum bullish.
• Indicators:
• EMA 9 (yellow) and EMA 20 (blue) are crossing bullishly.
• Volume spike supports the breakout.
⸻
Price Action
• BTC broke out of the descending trendline (blue) and retested support before moving higher.
• Currently trading at 110,780 USDT (+1.46%).
• Strong bullish momentum is visible with higher lows forming since Aug 31.
⸻
Trade Setup
• Entry: Around breakout zone (near 110,000 – 110,500).
• Stop Loss (SL): Below 108,500 zone (highlighted red zone).
• Targets:
• TP1: 114,658 USDT
• TP2: 115,980 USDT
⸻
Key Levels
• Immediate Support: 109,383 – 108,534
• Major Support Zone: 107,200 – 107,386
• Immediate Resistance: 111,998 – 113,217
• Target Resistance: 114,658 (TP1) and 115,980 (TP2)
• High Reference: 117,340 – 117,345
⸻
✅ Summary: BTC has broken out of a falling wedge on the 4H chart with strong bullish confirmation. If price sustains above 110k, it could move toward 114.6k (TP1) and 116k (TP2). Losing 108.5k support would invalidate this bullish setup.
• Pair/Timeframe: BTC/USDT – 4H
• Exchange: Bitget
• Pattern: Breakout from a falling wedge / descending channel, shifting momentum bullish.
• Indicators:
• EMA 9 (yellow) and EMA 20 (blue) are crossing bullishly.
• Volume spike supports the breakout.
⸻
Price Action
• BTC broke out of the descending trendline (blue) and retested support before moving higher.
• Currently trading at 110,780 USDT (+1.46%).
• Strong bullish momentum is visible with higher lows forming since Aug 31.
⸻
Trade Setup
• Entry: Around breakout zone (near 110,000 – 110,500).
• Stop Loss (SL): Below 108,500 zone (highlighted red zone).
• Targets:
• TP1: 114,658 USDT
• TP2: 115,980 USDT
⸻
Key Levels
• Immediate Support: 109,383 – 108,534
• Major Support Zone: 107,200 – 107,386
• Immediate Resistance: 111,998 – 113,217
• Target Resistance: 114,658 (TP1) and 115,980 (TP2)
• High Reference: 117,340 – 117,345
⸻
✅ Summary: BTC has broken out of a falling wedge on the 4H chart with strong bullish confirmation. If price sustains above 110k, it could move toward 114.6k (TP1) and 116k (TP2). Losing 108.5k support would invalidate this bullish setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.