BITCOIN 4HR LINE CHART VIEW AND SUPPLY TRIGGER for OKX:BTCUSDT by Shavyfxhub
BTCUSDT 4H Chart Analysis – Shavyfxhub Strategy Market Structure Breakdown Overall Structure: Bitcoin is currently trading inside a rising channel (red ascending trendlines) but will are seeing a breakout and stoppage at 63817 and bounce which is challanged by 64700-64800 The structure shows a series of higher lows, indicating a short-to-medium-term bullish bias within the channel. Key Levels (Shavyfxhub Style): Demand Floor: 63,817 A break and close below this level would target …
BTCUSDT 4H Chart Analysis – Shavyfxhub StrategyMarket Structure BreakdownOverall Structure:Bitcoin is currently trading inside a rising channel (red ascending trendlines) but will are seeing a breakout and stoppage at 63817 and bounce which is challanged by 64700-64800The structure shows a series of higher lows, indicating a short-to-medium-term bullish bias within the channel. Key Levels (Shavyfxhub Style):Demand Floor: 63,817A break and close below this level would target 60,000. Supply Roof: 64,728A break and close above this level would target 67,287 and potentially extend into the 68,300 zone or higher. Current Price Action:Price is consolidating near the middle-upper part of the ascending channel. Recent candles show indecision after testing higher levels. Shavyfxhub Strategy Outlook:Bullish Bias as long as price holds above the 63,817 demand floor. Upside scenario: Break and close above 64,728 → next targets 67,287 → 68,300+. Downside scenario: Failure to hold 63,817 → acceleration toward 60,000. Verdict:The structure is currently constructive within the rising channel. The next high-probability move will be decided by the reaction at the 63,817 demand floor and the 64,728 supply roof. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.