Trade Setup I'm Watching (July 23)
BTC/USDT 4H
CURRENT PRICE: $65,823
KEY LEVELS:
• Resistance: $66,739 (24H high) / $67,413 (recent peak)
• Support: $65,553 (24H low) / $64,093 (99 MA)
• Current Structure: Bullish (price above 25 MA & 99 MA)
MARKET STRUCTURE ANALYSIS:
📌 BULLISH STRUCTURE CONFIRMED
Price holding above 25 MA ($65,396) and 99 MA ($64,093).
Uptrend intact.
📌 VOLUME PROFILE
Current VOL: 1.33K BTC (below MA5: 3.3K).
Low volume = low institutional interest = wait for confirmation.
📌 MACD SIGNAL
DIF: 443.94 | DEA: 481.43 | MACD: -37.49
Bearish momentum slowing. Potential bullish crossover approaching.
SETUP:
LONG SETUP (On volume confirmation):
ENTRY: $65,500 - $65,600 (pullback to support)
STOP LOSS: $64,500 (below 99 MA)
TARGET 1: $66,700
TARGET 2: $67,400
RISK/REWARD: 1:2.1
SHORT SETUP (Only with rejection at resistance):
ENTRY: $66,700 - $66,900
STOP LOSS: $67,500
TARGET 1: $65,500
TARGET 2: $64,500
VOLUME CONFIRMATION:
• Volume spike above 3.3K BTC required at entry
• Low volume breakout = trap
• High volume rejection = reversal
MY BIAS:
Bullish structure intact.
Watching for volume confirmation at $65,500-$65,600.
MACD nearing bullish crossover.
What level are you watching on $BTC?
#BTC #TradeSetup #Binance #MarketStructure