$BTC | 4-Hour Lower Highs, Testing 34 EMA
Bitcoin is printing a series of lower high pivots on the 4-hour chart and is now testing the 34 EMA for the first time since the $90K peak. This creates a critical decision zone.
Two Paths Forward:
1. Breakthrough – A clean hold above the 34 EMA could trigger a push toward $74,000–$76,000, opening a long scalp opportunity.
2. Breakdown – Loss of $67,000 support** likely leads to another leg down, targeting the next demand zone (likely **$64,000–$65,000).
Key Levels:
· Immediate Resistance: 34 EMA (dynamic, ~$70,000–$71,000)
· Support to Hold: $67,000
· Breakout Target: $74,000–$76,000
· Breakdown Target: $64,000–$65,000
Strategy:
· Wait for confirmation – do not preempt the break.
· If bullish, enter on a 4-hour close above the 34 EMA with a stop below $67,000.
· If bearish, enter on a break and close below $67,000 with a stop above the 34 EMA.
Risk Management:
Trade small, define your exit before entry, and be prepared for volatility.
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