🚀 Bitcoin (BTC/USDT) 4H Chart Analysis (Feb 2, 2025) 📊
🔍 Key Observations:
1️⃣ Strong Support Zone (Red Box) 🛑
BTC is currently testing the $98,000 - $99,000 support zone.
This level has previously acted as a demand area, meaning buyers might step in.
2️⃣ 200 EMA (Exponential Moving Average) Resistance (Red Line) 📉
The 200 EMA at $100,718 is acting as dynamic resistance.
A break and close above this level would indicate bullish strength.
3️⃣ Key Resistance Levels 🚧
$100,718 (200 EMA Resistance)
$102,884 (Major Horizontal Resistance)
If price breaks these levels, next targets: $104,000 - $106,000.
4️⃣ Key Support Levels 🛠️
$98,000 - $99,000 (Current Demand Zone)
$90,000 - $89,184 (Next Major Support Below)
📈 Possible BTC Price Scenarios:
✅ Bullish Case (Price Bounces from Support) 🟢
If BTC holds above $98,000 - $99,000, a move toward $102,884 and higher is possible.
Breaking above $102,884 could trigger a rally toward $104,000 - $106,000.
Watch for volume increase & bullish candlestick confirmation.
❌ Bearish Case (Break Below Support) 🔴
If BTC breaks below $98,000, we could see a drop to $90,000 - $89,184.
A break below $90,000 could lead to further downside toward $88,000.
Watch for strong selling pressure & breakdown candle.
📊 Final Thoughts: BTC at a Critical Level!
🚨 Decision Point: BTC is at a key support level—will bulls step in, or will bears take control?
🔹 For Bulls: Need to reclaim $100,700+ for bullish continuation.
🔹 For Bears: Losing $98,000 could open the door for a drop toward $90,000.
👀 Keep an eye on price action & volume for the next big move!
🔥 What’s your bias? Bullish 🚀 or Bearish 📉? Let’s discuss!
🔍 Key Observations:
1️⃣ Strong Support Zone (Red Box) 🛑
BTC is currently testing the $98,000 - $99,000 support zone.
This level has previously acted as a demand area, meaning buyers might step in.
2️⃣ 200 EMA (Exponential Moving Average) Resistance (Red Line) 📉
The 200 EMA at $100,718 is acting as dynamic resistance.
A break and close above this level would indicate bullish strength.
3️⃣ Key Resistance Levels 🚧
$100,718 (200 EMA Resistance)
$102,884 (Major Horizontal Resistance)
If price breaks these levels, next targets: $104,000 - $106,000.
4️⃣ Key Support Levels 🛠️
$98,000 - $99,000 (Current Demand Zone)
$90,000 - $89,184 (Next Major Support Below)
📈 Possible BTC Price Scenarios:
✅ Bullish Case (Price Bounces from Support) 🟢
If BTC holds above $98,000 - $99,000, a move toward $102,884 and higher is possible.
Breaking above $102,884 could trigger a rally toward $104,000 - $106,000.
Watch for volume increase & bullish candlestick confirmation.
❌ Bearish Case (Break Below Support) 🔴
If BTC breaks below $98,000, we could see a drop to $90,000 - $89,184.
A break below $90,000 could lead to further downside toward $88,000.
Watch for strong selling pressure & breakdown candle.
📊 Final Thoughts: BTC at a Critical Level!
🚨 Decision Point: BTC is at a key support level—will bulls step in, or will bears take control?
🔹 For Bulls: Need to reclaim $100,700+ for bullish continuation.
🔹 For Bears: Losing $98,000 could open the door for a drop toward $90,000.
👀 Keep an eye on price action & volume for the next big move!
🔥 What’s your bias? Bullish 🚀 or Bearish 📉? Let’s discuss!
Trade active
Nice call! 🎯 BTC broke support, hit the sell target, and now it's pulling back to retest the same strong support zone.
🚨 Now, the key question: Will it hold as support again or flip into resistance for another drop?
📉 Possible Scenarios from Here:
✅ Bullish:
If BTC reclaims
98K - $99K with strong buying volume, we could see a fakeout and a push back toward $100,700 - $102,884.❌ Bearish:
If this retest fails and BTC gets rejected, it could confirm the breakdown and trigger a move to $90K - $89,184 next.
👀 Keep an eye on volume & rejection wicks! If sellers step in aggressively, we might see a deeper drop.
⚡ What’s your bias now—recovery or continuation down? 📊
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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PARTNER CODE⤵️
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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PARTNER CODE⤵️
uvd1etcgg1
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.