BTC/USDT: Rising Channel Pattern | Critical Support Test
BINANCE:BTC/USDT - 4H TIMEFRAME ๐ฏ
CURRENT ANALYSIS:
โโโโโโโโโโโโโโโโ
โฆ CURRENT PRICE: $95,921.70 (-1.21%)
โฆ CHANNEL SUPPORT: ~$92,500
โฆ CHANNEL RESISTANCE: ~$114,000
โฆ KEY TIMEFRAME: 4H
TECHNICAL STRUCTURE:
โโโโโโโโโโโโโโโโ
1. CHANNEL FORMATION:
โข Price trading within ascending channel
โข Strong support at lower channel boundary
โข Upper boundary showing resistance
2. PRICE ACTION FORECAST:
โข Potential volatility increase ahead
โข Projected movement (white line):
- Initial bounce to $105,000
- Further rise to $114,000
- Possible reversal back to support
3. CRITICAL LEVELS:
โข Major Support: $92,500-$95,000
โข Key Resistance: $107,000-$108,000
โข Channel Top: ~$116,000
TRADING IMPLICATIONS:
โโโโโโโโโโโโโโโโ
SHORT-TERM OUTLOOK:
โข Channel boundaries providing clear trading ranges
โข Current price testing support zone
โข Volatility expected to increase
RISK FACTORS:
โข Break below channel support (~$92,000)
โข Increased selling pressure at resistance
โข Market sentiment shifts
KEY OBSERVATIONS:
โโโโโโโโโโโโโโโโ
โข Price currently testing critical support
โข Channel structure remains intact
โข Projected movement suggests volatility ahead
โข Trading volume will be crucial for confirmation
RISK DISCLOSURE:
โโโโโโโโโโโโโโโโ
This technical analysis is for educational purposes only. Always manage risk appropriately and never trade more than you can afford to lose.
#Bitcoin #BTC #TechnicalAnalysis #CryptoTrading #TradingView
Tags: TradingView
CURRENT ANALYSIS:
โโโโโโโโโโโโโโโโ
โฆ CURRENT PRICE: $95,921.70 (-1.21%)
โฆ CHANNEL SUPPORT: ~$92,500
โฆ CHANNEL RESISTANCE: ~$114,000
โฆ KEY TIMEFRAME: 4H
TECHNICAL STRUCTURE:
โโโโโโโโโโโโโโโโ
1. CHANNEL FORMATION:
โข Price trading within ascending channel
โข Strong support at lower channel boundary
โข Upper boundary showing resistance
2. PRICE ACTION FORECAST:
โข Potential volatility increase ahead
โข Projected movement (white line):
- Initial bounce to $105,000
- Further rise to $114,000
- Possible reversal back to support
3. CRITICAL LEVELS:
โข Major Support: $92,500-$95,000
โข Key Resistance: $107,000-$108,000
โข Channel Top: ~$116,000
TRADING IMPLICATIONS:
โโโโโโโโโโโโโโโโ
SHORT-TERM OUTLOOK:
โข Channel boundaries providing clear trading ranges
โข Current price testing support zone
โข Volatility expected to increase
RISK FACTORS:
โข Break below channel support (~$92,000)
โข Increased selling pressure at resistance
โข Market sentiment shifts
KEY OBSERVATIONS:
โโโโโโโโโโโโโโโโ
โข Price currently testing critical support
โข Channel structure remains intact
โข Projected movement suggests volatility ahead
โข Trading volume will be crucial for confirmation
RISK DISCLOSURE:
โโโโโโโโโโโโโโโโ
This technical analysis is for educational purposes only. Always manage risk appropriately and never trade more than you can afford to lose.
#Bitcoin #BTC #TechnicalAnalysis #CryptoTrading #TradingView
Tags: TradingView
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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.
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.