BTC/USDT 4HOUR CHART ANALIYSIS !!!
BTC/USDT Brief Update
Price: $58,159.99
Immediate support around $56,900.
Key support areas include $55,800 – $56,200 and $54,600.
Key support level at $52,940.
Immediate resistance at $58,000.
Higher resistance levels at $59,200 and $60,800.
BTC is trading above a crucial support trendline, indicating bullish potential.
The yellow trendlines mark key support and resistance levels.
There is a confluence of support levels around $56,900.
A sustained move above $58,000 could point to further potential upside.
Key targets would be $59,200 and $60,800.
The green path on the chart indicates a potential bullish rally.
A breakdown below $56,900 could lead to a decline towards $55,800 – $56,200.
Support levels to watch further are $54,600 and $52,940.
The highlighted area around $55,800 – $56,200 remains crucial to maintain the bullish structure. Watch out for a breakout above $58,000 or a breakdown below $56,900.
Resistance: $58,000, $59,200, $60,800
Support: $56,900, $55,800 – $56,200, $54,600, $52,940
Recommendations:
Bullish confirmation: Look for a sustained move above $58,000 with high volumes.
Bearish confirmation: A drop below $56,900 would indicate the possibility of further downside.
Stay alert for high-volume moves and confirmation signals to determine the next trading direction.
Price: $58,159.99
Immediate support around $56,900.
Key support areas include $55,800 – $56,200 and $54,600.
Key support level at $52,940.
Immediate resistance at $58,000.
Higher resistance levels at $59,200 and $60,800.
BTC is trading above a crucial support trendline, indicating bullish potential.
The yellow trendlines mark key support and resistance levels.
There is a confluence of support levels around $56,900.
A sustained move above $58,000 could point to further potential upside.
Key targets would be $59,200 and $60,800.
The green path on the chart indicates a potential bullish rally.
A breakdown below $56,900 could lead to a decline towards $55,800 – $56,200.
Support levels to watch further are $54,600 and $52,940.
The highlighted area around $55,800 – $56,200 remains crucial to maintain the bullish structure. Watch out for a breakout above $58,000 or a breakdown below $56,900.
Resistance: $58,000, $59,200, $60,800
Support: $56,900, $55,800 – $56,200, $54,600, $52,940
Recommendations:
Bullish confirmation: Look for a sustained move above $58,000 with high volumes.
Bearish confirmation: A drop below $56,900 would indicate the possibility of further downside.
Stay alert for high-volume moves and confirmation signals to determine the next trading direction.
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