BITCOIN — 4H Timeframe)
Analysis: Bitcoin/USD
Rejection Zone: $97,500 - $98,000
This zone has shown significant bearish momentum, indicating strong seller activity and rejection from higher levels.
Entry Zone: $93,500 - $94,000
This area presents a potential entry point for sellers as the market continues its downward momentum.
Take-Profit Levels:
1. First Target: $90,000
2. Second Target: $87,500
3. Final Target: $85,000
Strategy:
The price is testing the support zone around $93,000 - $94,000. If this level breaks, we could see a continuation toward the outlined take-profit levels. Traders should monitor price action closely around the support for confirmation.
Disclaimer:
This analysis is for educational purposes only. Conduct your own research and apply proper risk management before entering any trade.
Rejection Zone: $97,500 - $98,000
This zone has shown significant bearish momentum, indicating strong seller activity and rejection from higher levels.
Entry Zone: $93,500 - $94,000
This area presents a potential entry point for sellers as the market continues its downward momentum.
Take-Profit Levels:
1. First Target: $90,000
2. Second Target: $87,500
3. Final Target: $85,000
Strategy:
The price is testing the support zone around $93,000 - $94,000. If this level breaks, we could see a continuation toward the outlined take-profit levels. Traders should monitor price action closely around the support for confirmation.
Disclaimer:
This analysis is for educational purposes only. Conduct your own research and apply proper risk management before entering any trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my Channel and get Free Signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.