The Next Bitcoin Move Is About to Start

 

My Current Bias

55% Bearish

45% Bullish Bounce

Why not more bearish?

Because bears have not yet achieved a decisive 4H close below the major support area.

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Best Trade for the Next 1–3 Days

Long Setup (Highest R:R)

Entry Zone

62,150 – 62,450

Current price is already near this zone.

Stop Loss

61,650

Targets

• TP1: 63,400
• TP2: 64,200
• TP3: 65,000

Risk:
≈ 600-800 points

Reward:
≈ 1,000-2,500 points

This offers a favorable swing profile.

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Confirmation Long (Safer)

If BTC closes a 4H candle above:

63,000

then enter on a pullback.

Entry

62,900–63,100

Stop

62,300

Targets

64,200
65,000

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Bearish Breakdown Setup

This is the trade I would monitor most closely.

Trigger

4H close below:

61,800

Not a wick. A genuine candle close.

Entry

61,700–61,900 retest

Stop

62,450

Targets

TP1: 60,500

TP2: 59,300

TP3: 57,800

If 61.8k breaks, the market structure turns clearly bearish and sellers will likely target liquidity under the range.

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Trades I Would Avoid

Avoid fresh shorts at 62.4k

Reason:

You're shorting directly into:

• 4H support
• Range support
• Potential short-covering zone

The risk/reward is poor.

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My Actual Trading Plan

If I were trading this chart for a 1–3 day hold:

Scenario 1 (Most likely)

• BTC holds 62k.
• Bounces into 63.8k–64.5k.
• Then decide whether to take profit or flip short based on rejection.

Scenario 2

• BTC loses 61.8k.
• Enter breakdown short on retest.
• Hold for 60.5k and lower.

Scenario 3

• BTC reclaims 64.5k.
• Bear thesis invalidated.
• Look for 66k+.

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Levels that Matter Most

Level	Role
65,000	Major resistance
64,200	First swing target
63,000	Bull confirmation
62,150	Current support
61,800	Breakdown trigger
60,500	Bear target
59,300	Extended bear target