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BTC/USDT 4H Chart Analysis:
Current Price: $84,499
Price recently broke out and reached a resistance zone (~$87,500-$88,000).
After rejection, a pullback is happening, testing support near $82,000.
Market structure shows CHoCH (Change of Character) indicating a possible shift in momentum.
Key Levels:
Resistance: $87,500 - $88,000 (Strong resistance, rejection area)
Support: $82,000 - $80,000 (Demand zone, potential bounce area)
Trade Setup (Short-term):
Buy (Long) Setup:
Entry: Around $82,000-$80,500 (Support zone)
Take Profit (TP): $87,500 - $88,000 (Resistance zone)
Stop Loss (SL): Below $79,500
Sell (Short) Setup:
Entry: If price rejects from $87,500-$88,000
TP: $82,000 (Support zone)
SL: Above $89,000
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