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$BTC 4hr Chart Update
Bitcoin pumped to 65.9K, gaining around 1.6% in the last 24 hours and is now testing the MA99 resistance on the 4H timeframe.
What Happens Next?
1️⃣ MA99 Holds as Support
➡️ Buyers stay in control
➡️ Next targets: 66K → 68K
➡️ Momentum continues building higher
2️⃣ MA99 Rejection
➡️ Current move turns into a bull trap
➡️ Long positions get squeezed
➡️ Price could revisit lower liquidity zones before the next major move
Right now, BTC is sitting exactly where the market needs to prove itself. A clean hold above MA99 strengthens the bullish case, while rejection increases the probability of another downside sweep.
➡️ Resistance: 66K–67K
➡️ Immediate Support: 64.5K–64K
➡️ Major Trend Barrier: MA99 (4H)
⚠️ Trade Update
Unfortunately, our previous #BTC short trade only managed to hit TP1 before reversing and triggering the stop-loss.
That's part of trading. We secured partial profits, protected capital, and moved on to the next opportunity. The goal isn't to win every trade — it's to stay consistent over the long run.
Keep a close eye on this MA99 reaction. The next move from here could be fast and decisive.
#MyGateTradingMoment