Bitcoin 4H Chart Analysis
1. Trend Structure:
Current trend: Strong bullish impulse from ~$84,000.
Price broke previous highs (~$100,000) and is holding above.
All EMAs (50/100/200) are sloping upward — confirming the uptrend.
No reversal signs yet in the current structure.
2. RSI (Relative Strength Index):
RSI is near 80, but is it overbought?
No clear bearish divergence on the 4H chart.
RSI might cool off via sideway consolidation movement, not necessarily a sharp drop.
3. Key Levels:
Current Price: ~$103,800
Immediate Resistance: $104,400–$105,000
Major Resistance: $106,800–$108,000
Immediate Support: $102,000 → $100,500
Key Support Zone: $98,000–$99,000
4. Scenarios:
Scenario A – Final push to ~$105k, then pullback
Price breaks $104.4k, reaches ~$105k, then retraces to ~$101.5k–$102k.
Probability: 60%
Scenario B – Strong breakout to $106k–$108k without pullback
Price continues impulsively despite RSI being overheated.
Probability: 30%
Scenario C – Reversal from current level (~$103.8k)
Price fails to break $104.4k, forms a double top or fakeout.
Probability: 10%
Conclusion:
Current trend is bullish, but momentum is stretched in consolidation.
Most likely: price will test $104.4k–105k and pull back slightly before deciding the next move up.
If price moves above $106k cleanly, we’re likely entering a new breakout phase and on the way for the new ATH!
1. Trend Structure:
Current trend: Strong bullish impulse from ~$84,000.
Price broke previous highs (~$100,000) and is holding above.
All EMAs (50/100/200) are sloping upward — confirming the uptrend.
No reversal signs yet in the current structure.
2. RSI (Relative Strength Index):
RSI is near 80, but is it overbought?
No clear bearish divergence on the 4H chart.
RSI might cool off via sideway consolidation movement, not necessarily a sharp drop.
3. Key Levels:
Current Price: ~$103,800
Immediate Resistance: $104,400–$105,000
Major Resistance: $106,800–$108,000
Immediate Support: $102,000 → $100,500
Key Support Zone: $98,000–$99,000
4. Scenarios:
Scenario A – Final push to ~$105k, then pullback
Price breaks $104.4k, reaches ~$105k, then retraces to ~$101.5k–$102k.
Probability: 60%
Scenario B – Strong breakout to $106k–$108k without pullback
Price continues impulsively despite RSI being overheated.
Probability: 30%
Scenario C – Reversal from current level (~$103.8k)
Price fails to break $104.4k, forms a double top or fakeout.
Probability: 10%
Conclusion:
Current trend is bullish, but momentum is stretched in consolidation.
Most likely: price will test $104.4k–105k and pull back slightly before deciding the next move up.
If price moves above $106k cleanly, we’re likely entering a new breakout phase and on the way for the new ATH!
Trade active
Soo, we have met several factors that say current move could be followed by further growth.Todays low was met even at 100 718, if you took short from that area - congrats!
Otherwise, keep watching!
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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.
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.