BTCUSDT Analysis (4H)
BTCUSDT Analysis (4H)
📉 Expected Direction:
Based on the chart analysis, the price is currently trading below the key resistance levels at 100,281.98 USDT.
💡 Forecast:
The price is expected to continue declining towards the buy zone, located between:
📍 84,169
📍 83,183
💎 Buy Zone:
This zone represents a good entry point for buyers, where the price is expected to rebound upwards.
💹 Additional Observation:
The price has formed a double top pattern 🟢🟢 (indicated by the two green arrows on the chart). If this pattern is confirmed and activated, it will provide further confirmation of the downtrend. This supports waiting for a better entry at the buy zone mentioned above.
🎯 Primary Target:
The first target after the rebound remains 116,415 USDT.
⚠️ Important Notes:
The double top pattern adds more weight to the bearish scenario, reinforcing the need for patience until the price reaches the buy zone.
If the price breaks below the buy zone, the analysis needs to be re-evaluated.
📉 Expected Direction:
Based on the chart analysis, the price is currently trading below the key resistance levels at 100,281.98 USDT.
💡 Forecast:
The price is expected to continue declining towards the buy zone, located between:
📍 84,169
📍 83,183
💎 Buy Zone:
This zone represents a good entry point for buyers, where the price is expected to rebound upwards.
💹 Additional Observation:
The price has formed a double top pattern 🟢🟢 (indicated by the two green arrows on the chart). If this pattern is confirmed and activated, it will provide further confirmation of the downtrend. This supports waiting for a better entry at the buy zone mentioned above.
🎯 Primary Target:
The first target after the rebound remains 116,415 USDT.
⚠️ Important Notes:
The double top pattern adds more weight to the bearish scenario, reinforcing the need for patience until the price reaches the buy zone.
If the price breaks below the buy zone, the analysis needs to be re-evaluated.
Trade active
After Bitcoin failed to activate the double-top pattern for a downside move, the price managed to break through the key resistance level at 100,281.98 USDT, increasing the likelihood of a continued upward trend.
💡 Expectations:
With the resistance level breached, the price is expected to move upward toward the main target at:
📍 116,415 USDT
🔍 Key Points to Monitor:
Stability above the 100,281.98 USDT resistance level is a positive signal that strengthens the chances of further upward movement.
BY CHEEF
BY CHEEF
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