Current Price: 71600

Bitcoin 4-Hour Simplified Trading Guide (Current Price: 71600)

Direction: Ranging, sideways consolidation, don't chase rallies or panic sell

I. Long Positions (Dip Buying)

Only enter after price drops and stabilizes, don't chase longs

- Entry: 71200–71400 stabilization
- Stop Loss: 71000 (must exit if broken)
- Target: 71900–72100 (reduce position at target)

II. Short Positions (High Short)

Only enter when rebounds show weakness, don't chase shorts

- Entry: 71900–72100 under pressure
- Stop Loss: 72400 (must exit if broken)
- Target: 71400–71200

III. 4-Hour Key Support and Resistance Levels (Must Remember)

- Strong Support: 71000 (break below likely leads to further downside)
- Strong Resistance: 72200 (break above likely leads to further upside)

IV. 4-Hour Trading Discipline (Most Important)

- Position size not exceeding 20%–30%
- Every trade must have a stop loss
- Don't hold losing positions or average down
- Fast entry and exit, no long-term holding