#BTCUSDT | 4 HOUR TIMEFRAME UPDATE
After the opening of the new weekly candle, #Bitcoin experienced a sharp drop, breaking below the previous weekly low.
Currently, #BTC is trading at $102,700, having surged above the previous daily high and entered the 4-hour FVG.
We’re monitoring for confirmation within the $102,700 - $104,100 range to consider opening a short position. ✅
Potential targets for this bearish move are: 📉
$101,300
$99,600
$97,500
Invalidation level: Above $105,600.
This analysis carries significant risk and represents my personal viewpoint. If you choose to trade based on this, please ensure proper risk management.
After the opening of the new weekly candle, #Bitcoin experienced a sharp drop, breaking below the previous weekly low.
Currently, #BTC is trading at $102,700, having surged above the previous daily high and entered the 4-hour FVG.
We’re monitoring for confirmation within the $102,700 - $104,100 range to consider opening a short position. ✅
Potential targets for this bearish move are: 📉
$101,300
$99,600
$97,500
Invalidation level: Above $105,600.
This analysis carries significant risk and represents my personal viewpoint. If you choose to trade based on this, please ensure proper risk management.
Trade active
#BTCUSDT | 4 HOUR TIMEFRAME UPDATEThe price of #Bitcoin has reached the grey zone I highlighted in my previous analysis, hitting the first target and delivering a solid 3.12% gain—without any leverage!
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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.