technical summary based on what you're describing for BTCUSDT on the 4H timeframe:
Forecast from Mr Martin Date 05 May 2025
Current Setup:
Pattern: Two-sided consolidation/pattern (likely symmetrical triangle or range)
Key Support: ~89,000 USDT
Key Resistance: ~95,000 USDT
Scenarios:
Bullish Breakout:
If price holds above 95K and confirms breakout: Next target: ~98,000 USDT
Above 98K, could test psychological levels like 100K.
Bearish Breakdown: If price falls below 89K:nExpect a retest or quick rebound toward resistance (~95K).
You may see more details in the chart Ps Support with like and comments for more analysis Thanks
Forecast from Mr Martin Date 05 May 2025
Current Setup:
Pattern: Two-sided consolidation/pattern (likely symmetrical triangle or range)
Key Support: ~89,000 USDT
Key Resistance: ~95,000 USDT
Scenarios:
Bullish Breakout:
If price holds above 95K and confirms breakout: Next target: ~98,000 USDT
Above 98K, could test psychological levels like 100K.
Bearish Breakdown: If price falls below 89K:nExpect a retest or quick rebound toward resistance (~95K).
You may see more details in the chart Ps Support with like and comments for more analysis Thanks
Trade closed: target reached
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Related publications
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.