BTCUSD
In this video I broke down my BTCUSD plan and the conditions I’m watching into the weekend.
Trade status
- My trade is set but not triggered yet.
My current levels
- Entry: 64,918.30
- Stop Loss: 64,049.73
- Target: 70,754.83
Stop loss update (risk management)
- I decided to move my stop loss because my risk management system allows for it.
- 64,049.73 is the higher-timeframe level where my long thesis would be invalidated.
- As mentioned in the video, my stop loss is now placed behind a daily level.
Bias + key context
- I’m bullish as long as the key daily support zone around 62,228–61,224.99 holds.
- If price breaks 64,049.73 and then creates a lower high, that’s my bearish indication on the 1H and 4H.
- If that happens, I’ll be waiting for my short setup to target the daily level around 62,237.70 (or lower).
What I’m watching
- Bullish continuation through the current 1H structure (bodies holding above the level I’m using for the entry trigger).
- Any bearish tells (bodies settling back below the area / a breakdown through the nearby key levels) before the trade triggers.