Instrument: BTCUSDT
Time Frame: 4H
Exchange: Bitget
Trading Type: Swing Trading
Bitcoin is currently trading within the critical range of 108 to 91, which appears to be a key area. This zone represents 50% of the entire range, suggesting that if an upward move occurs, it could lead to significant further gains.
Long Setup Strategy:
- Confirm retest of a key supply zone after breaking the 0.5% level -> Potential for additional upward movement toward the previous high.