Bitcoin (BTC/USDT) on the 4-hour timeframe is showing signs of a potential bearish correction after a strong bullish rally.
The current price is around 94,516, and price action suggests a possible lower high formation near resistance levels.
Analysis:
Price could retest the 96,798 resistance zone before a potential reversal.
If rejection occurs, a move toward lower support levels is expected.
First Support: 91,729
Second Support: 87,552
Main Target Zone: 84,000
Note:
Always wait for confirmation such as bearish candlestick patterns or volume divergence before entering trades.
Use proper risk management strategies at all times.
The current price is around 94,516, and price action suggests a possible lower high formation near resistance levels.
Analysis:
Price could retest the 96,798 resistance zone before a potential reversal.
If rejection occurs, a move toward lower support levels is expected.
First Support: 91,729
Second Support: 87,552
Main Target Zone: 84,000
Note:
Always wait for confirmation such as bearish candlestick patterns or volume divergence before entering trades.
Use proper risk management strategies at all times.
Join the Telegram channel for high-quality market analysis and precise opportunities.
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Regular analysis, clear trade ideas, and strong strategies are available to guide you.
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.
Join the Telegram channel for high-quality market analysis and precise opportunities.
Regular analysis, clear trade ideas, and strong strategies are available to guide you.
Regular analysis, clear trade ideas, and strong strategies are available to guide you.
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.