BTCUSDT 4H | Bitcoin market overview: It happened!

Hello, dear subscribers!

In the previous review, we considered the breakdown of the $19,400 zone as a bullish signal, which will mean the continuation of growth.
BTCUSDT 4H | Bitcoin market overview: Bullish sign

To our surprise, not only the growth continued, bitcoin made a powerful move upwards, showing a maximum of $23,800. After that level, the buyers' forces weakened, and now bitcoin price is in the corridor of $22,000 - $24,000. From below, the support zone is $22,200 - $22,600. Above is the resistance zone - $23,600 - $24,000.
If you look globally, the bitcoin price in case the bears attack, has rather deep support levels - $20,600 and $19,600.
According to the MACD and RSI indicators, the market is strongly overbought and the price is staying in a flat before the next price movement. OBV indicator before the beginning of growth showed a decrease in the volume of purchases, after the start of growth showed a sharp surge upward, indicating a strong influence of buyers.

Based on the technical data - growth remains the priority. The range of price movement is quite high - it is about $2.000. Market participants should be ready for sharp movements, and not to lose their heads in case of sudden shedding or sharp growth.

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