Bitcoin 28/06 – Consolidating on H1, Awaiting Breakout Confirmation
Technical Analysis – H1 Timeframe
BTCUSD is currently consolidating within a descending channel on the H1 chart, indicating market indecision after recent volatility.
This structure could lead to strong movement once price breaks out of either trendline.
Scenario if the Lower Trendline is Broken
If price breaks the lower trendline, the next key target is 104,000 – 104,600
This is considered a potential reaction zone where we can monitor for bullish confirmation.
Strategy: Look for long entries near 104k–104.6k upon confirmation
Scenario if the Upper Trendline is Broken
If BTC breaks the upper trendline, consider:
Waiting for a retest of the breakout for safer entries
Or entering a long position immediately if price breaks past the resistance zone (Dow breakout)
Initial upside target lies near the 111,000 resistance zone
Trade Plan
Buy setup: 104,000 – 104,600
Short entries: Possible short scalps while price remains inside the channel or near upper trendline resistance
Notes
This is a narrow-range consolidation phase.
Avoid FOMO and wait for clear structure confirmation before entering trades.
Maintain strict risk management and position sizing.
Technical Analysis – H1 Timeframe
BTCUSD is currently consolidating within a descending channel on the H1 chart, indicating market indecision after recent volatility.
This structure could lead to strong movement once price breaks out of either trendline.
Scenario if the Lower Trendline is Broken
If price breaks the lower trendline, the next key target is 104,000 – 104,600
This is considered a potential reaction zone where we can monitor for bullish confirmation.
Strategy: Look for long entries near 104k–104.6k upon confirmation
Scenario if the Upper Trendline is Broken
If BTC breaks the upper trendline, consider:
Waiting for a retest of the breakout for safer entries
Or entering a long position immediately if price breaks past the resistance zone (Dow breakout)
Initial upside target lies near the 111,000 resistance zone
Trade Plan
Buy setup: 104,000 – 104,600
Short entries: Possible short scalps while price remains inside the channel or near upper trendline resistance
Notes
This is a narrow-range consolidation phase.
Avoid FOMO and wait for clear structure confirmation before entering trades.
Maintain strict risk management and position sizing.
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.