Bitcoin 4-Hour Chart: Technical Analysis and Strategy 🤑📊

Bitcoin (BTC/USD) is currently trading at $67,933, showcasing bullish momentum as the price remains above both the 50-period EMA ($65,250) and 100-period EMA ($63,666). This indicates strong upward pressure, with EMAs acting as key support levels.

However, On-Balance Volume (OBV) shows some negative divergence 📉, signaling weakening buying momentum despite the price rise. The Accumulation/Distribution (A/D) Line at 1133.72 indicates ongoing buying pressure, supporting the bullish outlook 🔥.

The Average Directional Index (ADX) stands at 51.10, confirming a powerful trend. Meanwhile, the Aroon Indicator reflects bullish momentum, with Aroon Up at 92.85.

But, the MACD has a bearish crossover ⚠️, signaling a potential short-term correction. Additionally, the RSI at 64.42 and Stochastic Oscillator hovering near overbought levels suggest caution 📉.

Trading Strategy:

Breakout Play: Enter long if BTC breaks above $68,000 with strong volume. Target $70,000, stop-loss at $65,250 🚀.

Correction Play: Short below $66,000, targeting the 100-EMA at $63,666. Stop-loss above $68,000 💰.

Range-Bound Play: Trade between $66,000–$68,000, capitalizing on quick fluctuations 🏖️.

🔑 Monitor: Volume, ADX, and MACD for trend confirmation and momentum shifts.

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