BTC 4h timeframe: LONG

On the 4-hour timeframe, BTC appears to be offering a promising short-term opportunity to enter a long position. Several factors align to support this hypothesis:

1. Correction After Sharp Decline: The market seems to be stabilizing after a significant downward move, suggesting potential for a recovery.

2. Bollinger Bands: Price action indicates proximity to the lower band, often signaling an oversold condition and potential bounce.

3. 50-Day Moving Average: Acting as a dynamic support level, the 50-day MA adds confidence to the idea of a rebound from this zone.

Given these technical signals, I believe it’s an opportune moment to test the waters with a calculated trade.

Here’s the plan:
• Margin: $30
• Leverage: 20x
• Position Size: $700

While the setup looks promising, it’s essential to manage risk carefully, as BTC’s volatility can always surprise. Let’s see if the bounce plays out as expected!