BTC/USD PAIRS TRADING SIGNAL FOR BULLISH SETUP

The chart I’ve shared is a BTC/USD 4-hour timeframe setup showing a bullish trading strategy. Here's a breakdown of what the chart indicates:

🔍 Key Technical Elements:

1. Support Line:

A strong horizontal support is marked near the $102,143.72 area.

The recent price action bounced off this line, suggesting it’s holding well.

2. Bullish Wedge Pattern:

There was a clear falling wedge (bullish reversal pattern) that broke upward.

This indicates potential for a trend reversal or upward continuation.

3. Current Price Action:

BTCUSD is currently trading around $105,091.

A projected zigzag pattern anticipates a breakout and further price increase.


4. Target Zone:

The green shaded area shows a target zone reaching toward $110,172.

This suggests a potential upside of around 5% from current levels.


5. Stop Loss Zone:

The red box area below indicates a stop loss region, likely just below $103,142, minimizing downside risk.

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📈 Strategy Summary:

Trade Type: Long / Buy

Entry Point: Around $105,091

Target: $110,172

Stop Loss: Below $103,142

Risk-Reward Ratio: Appears favorable (>2:1)

🧠 Analyst Note:

This setup is based on technical chart patterns and assumes continued support holding around the key level. If macro conditions or volume change significantly, the trade setup could invalidate. Always use proper risk management.

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