Bitcoin (BTC/USD) Technical Analysis - 4H Chart
Consolidation & Breakout
- BTC was trading in a range-bound consolidation before breaking out with a strong bearish candle.
- The price failed to sustain above the range high, leading to a sharp decline.
Key Supply Zones & Resistance
- A supply zone is identified around the $85,000 - $87,000 range, which could act as a resistance.
- A major resistance level is near $94,363, where price previously showed respect.
Trend & Possible Price Movement
- The upward trendline was broken, confirming bearish momentum.
- A potential pullback towards the supply zone could lead to another rejection.
- If the downtrend continues, the next significant support is at $78,143.
Market Outlook
- Bearish bias remains unless BTC reclaims and holds above the supply zone.
- Watch for rejection at resistance levels for further downside confirmation.
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Consolidation & Breakout
- BTC was trading in a range-bound consolidation before breaking out with a strong bearish candle.
- The price failed to sustain above the range high, leading to a sharp decline.
Key Supply Zones & Resistance
- A supply zone is identified around the $85,000 - $87,000 range, which could act as a resistance.
- A major resistance level is near $94,363, where price previously showed respect.
Trend & Possible Price Movement
- The upward trendline was broken, confirming bearish momentum.
- A potential pullback towards the supply zone could lead to another rejection.
- If the downtrend continues, the next significant support is at $78,143.
Market Outlook
- Bearish bias remains unless BTC reclaims and holds above the supply zone.
- Watch for rejection at resistance levels for further downside confirmation.
If you enjoy, press the like button.
Nota
Price is approaching in our supply zone, let's see....Trade attivo
Trade was activated from 85k$..Nota
Once again now price enter in our zone 85k$, sell again here....Nota
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.