📊 BTC 4H Analysis



BTC is approaching a major resistance zone between 66.7K–68K, where multiple bearish signals are starting to align.

Current observations:
✅ 4H MACD is approaching a bearish crossover.
✅ RSI is nearing the overbought area.
✅ Fibonacci 0.618 retracement overlaps with the previous swing high, creating a strong resistance confluence.

At this stage, the risk/reward for opening new long positions is no longer attractive.

💡 My plan is NOT to place a limit short order blindly.

Instead, I’ll wait and observe how price reacts when it reaches the resistance area.

Scenario 1 (Bearish):
If BTC shows rejection (long upper wicks, bearish candles, weakening momentum), I’ll look for a short opportunity.

Scenario 2 (Bullish):
If BTC breaks above 68K with strong volume and closes above resistance, I’ll abandon the short idea. A high-volume breakout means buyers are in control, and it’s better to wait for the next setup than fight the trend.

Remember:
Trading is about reacting to price, not predicting it.

👇 What do you think?

* 🟢 BTC breaks above 68K?
* 🔴 BTC gets rejected and pulls back?

Follow me if you enjoy practical market analysis, risk management, and real trading ideas. Let’s learn together!
BTC0.52%
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