Gold may rise due to CPI and falling dollarMay CPI in the US rose by 2.4% - just below the forecast of 2.5%. This reinforced expectations of a Fed rate cut despite continued pressure from tariffs. The dollar is weakening, gold may gain in this situation
Gold is forming an upward structure. The fundamental background is changing and moving to the side of gold. Before the rise there may be a liquidity grab from below
Price is in consolidation. If trading shifts to the upper half of the current range, then a breakout and continued growth can be considered in this case
Support
BTC/USD Analysis – 4H Interval (Sample Workflow)BTC/USD Analysis – 4H Interval (Sample Workflow)
Note: I do not have access to the exact 4H chart from your screenshot, so I will perform the analysis based on the current market situation and typical price zones and setups that are worth following (you can apply them to your chart in TradingView).
📊1. Support and resistance zones
Resistance: 110,000 USD
(the last local peak and the place where a strong supply reaction was visible)
Support: 105,000 USD
(the place of the highest volumes and previous bounces, supported by POC levels from your screenshot)
Next support: 103,000 USD
(important level resulting from previous consolidations)
🔍2. Trend & Price Action
Direction: In the short term, the uptrend dominates (a series of higher lows and highs), but a stronger supply wick has appeared - a local pullback is possible.
Observe: Possible correction to the nearest support zones, rebound from POC/VAL/VAH levels.
Price channels: You can draw a rectangle (channel) between 107,000 and 110,000 as the current volatility range.
📌3. Indicators
Stochastic Oscillator: Close to the overbought zone (above 75) - a signal of a possible short-term pullback.
CHOP (Choppiness Index): Low - suggests that the market has just moved from consolidation to a trend (another strong movement after the correction may develop).
📊4. Candlestick structures
Last H4 candle: Long upper shadow (a possible signal of demand exhaustion).
Watch:
Reversal patterns (e.g. pinbar, engulfing) on support/resistance zones.
🧠5. Scenarios and levels to watch
Bull scenario
Breakout of resistance 110,000 USD → possible quick move to 112,000–114,000 USD.
Condition: Increased volume and closing of 4H candle above resistance.
Bearish scenario
Bounce from 110,000 USD and drop to 107,000 or 105,000 USD.
If 105,000 USD is broken, possible retest of 103,000 USD.
BTC: Strong bullish trend, key resistance 111–112k in focus__________________________________________________________________________________
Technical Overview – Summary Points
__________________________________________________________________________________
Strong bullish momentum across all timeframes (1D to 15min).
Major supports: 100335, 104940, 106743 – multi-timeframe confluence, natural risk management levels.
Key resistances: 109952 – 111949 (historical pivot zones).
Risk On / Risk Off Indicator clearly favoring "Risk On" (strong buy). Tech sector in leadership mode, favorable context.
Volumes normal to moderately elevated, no major behavioral anomalies (ISPD DIV neutral).
No significant divergence between technical and behavioral indicators detected.
__________________________________________________________________________________
Strategic Summary
__________________________________________________________________________________
Overall bias : firmly bullish, but tactical caution just below 111,000–112,000.
Opportunities : prioritize buys/reloads on pullbacks to 104,900–100,300.
Risk zones : clean break below 103.7k ⇒ risk of acceleration to 95.6k; invalidation if daily close <103,700$ or >2 sessions <97,100$.
Macro catalysts : Fed decision (06/18), US CPI (06/12), Trump speech (06/10); anticipate higher volatility.
Action plan : engage tactically below resistance; recommended swing stop-loss at $97,000; active management after each catalyst event.
__________________________________________________________________________________
Multi-Timeframe Analysis
__________________________________________________________________________________
1D : Massive support 100k-103k, critical resistance 111–112k. Robust momentum and context, no behavioral overheating.
12H : Steady staircase progression, intermediate supports respected (104940–106743), healthy volumes, ongoing up-trend.
6H : Bullish background, no excessive flow or defensive behavioral signals.
4H : Resistance zone test (111949–109952), structure remains solidly up, no reversal detected.
2H : Slightly rising volumes on resistance test, no behavioral excess. Positive momentum.
1H : Active resistance test, moderate volumes. Bullish structure intact.
30min : Micro-consolidation below resistance, no excessive volume/behavior. Trend up.
15min : Volume spike on last upward move, rapid normalization. Reload possible if breakout above 110k is confirmed.
Multi-timeframe summary : Bullish confluence, no strong reversal signal as long as support at 103.7k holds.
Risk On / Risk Off Indicator : Strong buy, tech sector leading, no structural risk detected in capital rotation.
__________________________________________________________________________________
Synthesis & Decision-Making
__________________________________________________________________________________
Dominant structure : BTC market structurally bullish, supported by multi-timeframe converging supports and solid tech sector.
No behavioral anomaly (ISPD DIV neutral); volumes under control; only vigilance below 111–112k due to matured seller pressure.
Macro context : Fed’s rates unchanged expected, major catalysts nearing with potential for significant volatility.
On-chain analysis : active distribution from long-term holders, critical area 103.7k–97.1k, demand must absorb “long-duration” supply.
Trading recommendation : favor buys/reloads on pullback (104,900–100,300); tactical caution under 111–112k; swing stop-loss at $97,000 advised.
BTC structurally bullish, but approaches a critical phase: robust multi-timeframe supports, positive macro momentum, no excessive behavioral exuberance. Heightened vigilance required below 111–112k due to pressure from long-term holders; dynamic risk management needed around major macro events.
__________________________________________________________________________________
Bitcoin is Super Bullish Right Now - Here is my BTC trade planSince Bitcoin is super bullish on monthly and weekly time frame, my focus is to trade trend continuation pull backs on the 4HR time frame.
For this particular trade, I want to see a pull back to a key level of either imbalance or the old high serving as new support for price.
I will be taking a bullish trend continuation setup on that 4HR pull back.
Target:
I expect to see Bitcoin break that all time high of 111k level and go as high as 150k per one.
GBPJPY: Weekly OverviewHello Traders,
Everything is clear in the chart. the yellow line is a HTF resistance.
********************************************************
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
*******************************************************************
Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
$ENS / USDT 1D FAKEOUT ON FLAG? Incoming Pump? 📊 $ENS/USDT Perpetual Contract – Daily Timeframe Analysis
🟢 Bullish Setup
A bullish flag is forming on the daily chart — a continuation pattern indicating potential upward movement.
- Price recently entered into the golden pocket of the Fibonacci retracement tool marked from $16.881 – $25.241 on the third touch of the flag's resistance, triggering a fakeout, it now rests in the first Fair Value Gap.
- The strong wick rejection on the 3rd retest of the resistance/supply indicates bearish strength, momentarily pushing price lower.
- Despite this, the overall pattern remains valid as long as price respects the Golden Pocket and FVG zone below.
✅ If price closes above the golden pocket, it could present an excellent leveraged entry or spot position, with high reward potential off 67%.
🔴 Bearish Scenario
- So far, every test of the **4H supply zone** has resulted in rejection — showing persistent seller control at short-term resistance.
- If buyers fail to defend the golden pocket and recover the bullish trendline, the structure confirms a break. (Downtrend)
The confirmation of bearish pressure is the:
1) Large wick (Creating a shooting start candle pattern)
- Signaling bearish reversal.
2) Large Bearish Marubozu Candle.
- Indicates strong continuation of a downtrend.
3) Candle close below Trend line support.
- Showing Bears were able to successful make a major move.
🔽 In that case, we look to short after FVG confirmation and scalp down toward the daily demand zone.
📌 Patience is key. Let the price show intent before entering.
Please let me know what your thoughts are!
XRP/USD🔍1. Trend and Key Levels
General trend
In the medium term: We see a clear downtrend, marked by two wide blue trend lines (the upper line from the peak around $3.3, the lower from the local lows).
Recent weeks: Consolidation in a wide range between $2.72 and $1.98, with frequent attempts to break out.
📌2. Support and resistance levels
Green lines (resistance):
$3.16 — the historical peak of this wave, very strong resistance.
$2.72 — another strong resistance, around which the price was rejected several times.
$2.46 — local resistance, currently the price is below this level.
Red lines (support):
$1.98 — very important support, tested several times already.
$1.56 — lower support, coinciding with the lower line of the downtrend channel.
3. Market formations and structure
Declining channel: Wide channel marked by two blue lines. Price is moving in its lower half.
Short-term descending triangle: Visible at current levels – local peaks are getting lower, and support is around USD 1.98.
Volume: Volume advantage visible on descending candles.
📊4. Indicators
RSI
Currently around 40 — No clear advantage of the buyer side, slightly below the neutral zone. RSI does not give a signal of overbought or oversold.
RSI-based MA — Oscillates below the level of 50, which confirms the downtrend.
MACD
MAD and signal lines are below zero, without clear divergence.
Histogram: Slight advantage of bears – there is no signal to reverse the trend yet.
🧠5. Near-term scenarios
Bullish
Condition: Breakout above the local downtrend line (~$2.20–$2.25) and return above $2.46.
Target: $2.72 (test of resistance), further move possible to $3.16 in case of strong gains.
Bearish
Condition: Breakout and close below $1.98.
Target: $1.56 (main channel support), and even lower – lower channel line.
Sideways scenario
Further consolidation possible in the range of $2.46–$1.98, until a breakout from this range occurs.
📊6. Sentiment and summary
Medium-term trend: Down.
Buyers are weak, RSI low, MACD does not give a rebound signal yet.
Key level to watch: 1.98 USD – if it falls, the next stop is 1.56 USD.
Only a return above 2.46 USD may give the first signals of a trend change.
🧠Recommendation
For long-term players: Be careful, do not blindly catch the bottom.
For speculators: Play for a rebound only with a short stop below 1.98 USD.
For investors: Wait for a signal confirming a breakout from the channel or a clear divergence on the indicators.
Detailed analysis of the BTC/USD 4H chart🔍1. Chart Context
Interval: 4 hours (H4)
Current price: Around 104,950 – 105,400 USD
Range of recent candles: Strong rebound after a decline to around 101,000 USD.
Lower indicator: Stochastic RSI
📊2. Price Action Analysis
Market structure
Main trend (recent days): Downtrend – from the peaks of ~114,000 USD a clear sequence of lower highs and lower lows.
Recent hours: Dynamic decline, followed by a quick, strong rebound from around 101,000 USD to ~105,000 USD.
Key technical levels
✅Resistance:
~105,500–106,000 USD – local peak of the last rebound wave and earlier lows from the end of May.
~108,000 USD – next key level, with a bigger upward movement.
Support:
~102,000–101,000 USD – bottom of the last movement, quick demand reaction, so-called “stop run” or false breakout.
~99,000 USD – psychological zone and important level in case of further declines.
📊3. Indicators
Stochastic RSI (bottom of the chart)
Currently: Stochastic RSI strongly overbought (above 80 points), both lines (blue and orange) are at the top and slightly curling.
Conclusion: Possible short-term correction/slowdown in growth. Overbought Stochastic RSI often precedes pullbacks, especially when testing important resistances.
🧠4. Possible scenarios
Bulls – Upside scenario:
If BTC breaks above $105,500 with momentum, a move to $106,000–108,000 is possible (another resistance and short squeeze).
The key will be the closing of the 4h candle above $105,500.
Bears – Downside scenario:
If the price does not break $105,500, profit taking and a pullback to $103,000–102,000 are possible.
Strong defense of the $101,000–102,000 level by the bulls – if it is broken again, it threatens to deepen the declines even to $99,000.
📊5. Additional Notes
Reduced Volatility: After such a strong bounce, there is often a period of “calmness” and consolidation.
Potential Traps: False breakouts for 4h and sudden changes in direction (characteristic of the crypto market).
📌6. Warning Signals
Stochastic RSI overbought – suggests to be cautious with long positions “on the top” without additional confirmation.
Lack of continuation after a strong bounce – if the price does not “reach” higher in the next candles, the risk of a correction increases.
🧠Summary:
Currently: BTC/USD in a short-term bounce phase after a strong decline. The price is approaching a significant resistance (~105,500 USD). Stochastic RSI shows overbought – possible correction or sideways movement.
Direction for the next few hours: Reactions at USD 105,500 (resistance) and ~USD 102,000 (support) will be key.
LINK Long Setup – Retrace to Key Support After Strong RallyLINK saw a strong rally from April to mid-May, and is now undergoing a healthy retracement. Price is approaching the $13.00–$13.50 support zone, offering a potential long spot entry as the market cools.
📌 Trade Setup:
• Entry Zone: $13.00 – $13.50
• Take Profit Targets:
o 🥇 $15.00 – $16.00
o 🥈 $17.00 – $18.00
• Stop Loss: Daily close below $12.00
UCAD Bears Ready to Break 2 Month Long Falling Support??OANDA:USDCAD has been supported by a Falling Support Trend line since August 14th and here soon Price could potentially give us a Bearish Break to that Trend line!
Once a Breakout is validated, we could look for a Retest Set-Up for some Short Opportunities to take Price down to the Support Zone created by the August and September 2024 Lows.
An interesting fact to point out is if you observe the reaction of Price when it tests the Falling Support, we can see Price arc and the following reactions arc smaller, suggesting Bulls are losing strength on the push off of the Falling Support!
Price Action is being heavily driven by Fundamentals in the markets this week:
-USD-
ADP Non-Farm Employment - Previous 60K / Forecast 111K / Actual 37K
ISM Services PMI - Previous 51.6 / Forecast 52 / Actual 49.9
ISM Manufacturing PMI - Previous 48.7 / Forecast 49.3 / Actual 48.5
ISM Manufacturing Prices - Previous 69.8 / Forecast 70.2 / Actual 48.5
Unemployment Claims - Previous 239K / Forecast 236K / Actual 247K
*Average Hourly Earnings, Non-Farm Employment and Unemployment Rate are to be released tomorrow
-CAD-
BOC held Interest Rates @ 2.75%
Ivey PMI - Previous 47.9 / Forecast 48.3 / Actual 48.9
*Employment Change and Unemployment are to be released tomorrow
With BOC holding Interest Rates and the Federal Reserve possibly looking to cut rates because of a "softening labor market", this could fuel CAD to overcome the pair and put Bears in control to pull Prices lower!
www.tradingview.com
Arkham (ARKM) Structure Analysis (1D)Interesting chart for BINANCE:ARKMUSDT
Apologies for the trendlines mess, but they're all potentially relevant.
Watch for
• Bounce at ~$0.49 (0.786 Fib)
• Break above the yellow and orange resistance trendlines (~$0.57)
These conditions could form a Cup & Handle pattern and lead to a retest of the $0.80-$0.85 supply zone.
If that it broken, it could set the next target to ~$1.25.
PolkaDot (DOT) Structure Analysis (1D)BITGET:DOTUSDT is showing signs of strength after a deviation below the long-standing $3.70–$4.10 demand zone.
Key Levels
• 🟢 Demand Zone: $3.70–$4.10, respected since October 2023
• 🟡 Broken downtrend resistance, retested as support
• ⚪ Current falling channel (compression) following range high retest
• 🟥 Sell Order Block: $5.10–$5.40
• 🟧 Range Resistance: $5.40
• 🎯 Target on breakout: ~$7.00, potential extension to ~$7.50
Thesis
• The recent breakdown was quickly reclaimed, hinting at a possible spring/fakeout. After retesting the range high, price is now compressing within a descending channel, building energy just above demand.
• A breakout from the channel followed by an S/R flip of the $4.40–$4.60 region could trigger a rally toward the upper range.
Watching for
• Channel breakout with volume
• Clean break above $5.40 to confirm range expansion
Invalidation
• Sustained break below the $3.70–$4.10 demand zone
Celestia (TIA) – Ascending Triangle Setup (4H)BINANCE:TIAUSDT is printing a clean ascending triangle on the 4H chart, signalling a potential reversal.
Key Levels
• Support: Ascending trendline
• Resistance: $2.30 – a key level that acted as support since early April
• Measured Target: $2.50–$2.55 – aligns with prior support area
• Watch out for the longer-term descending trendline, which could act as resistance on breakout around ~$2.40
Breakout Trigger
A solid 4H close above $2.30 with convincing volume could confirm the move
Invalidation
A sustained break below the ascending support would fully invalidate the setup and potentially lead to a drop to $1.70
AAPL Ascending Price ChannelAAPL has been in ascending price channel since August 2020. At the start of April we saw a retest of support where it temporarily broke through, tested the 200 ema, bounced, then broke back above the previous support line. Since then it has retested support 3 separate times which is a strong indication that AAPL will continue to remain in this price channel for the foreseeable future.
BTC/USD 1H Short-Term🔍1. General Context and Short-Term Trend
Short-Term Trend: The last dozen or so candles have shown strong fluctuations — a typical sideways market (consolidation) after a clear upward impulse and a quick drop. The price is currently trading in the range of around $104,900–$106,500.
Recent Strong Move: Clear upward impulse from around $104,900 to around $106,900, followed by a quick correction.
📌2. Supports and Resistances (H1)
Supports:
$105,000–$105,200 — Bottom of local wicks and several demand tests.
$104,900 — Lowest point of the last few hours, clear buyer reaction.
Resistances:
$106,200–$106,400 — Upper area of several candles, strong price rejection.
106,900–107,000 USD – The peak of the last impulse, a place of clear supply.
✅3. Candlestick formations and price action
Pin bar / long wick: Candles with long lower wicks are visible around 105,000 USD, which suggests that buyers are defending support.
Double top? (Double top): Peaks around 106,900 USD (03.06 and 04.06) – a classic signal of a potential change in direction to the lower.
Possible consolidation: The last few hours have been a series of alternating candles, signaling the lack of a clear advantage of bulls or bears.
🧠4. Technical indicators (MACD and RSI)
MACD (lower panel)
The MACD line crossed the signal line from the bottom to the top, then a quick correction and currently the MACD is close to zero – no clear trend, momentum has slowed down.
MACD Histogram: Declining, close to zero, suggesting potential lack of strong trend and possibility of further consolidation.
RSI (middle panel)
RSI value ~44–48 – not overbought or oversold, neutral market state.
No divergence – RSI generally follows price, no strong divergences are visible.
RSI bounced off 30 (tested oversold zone and returned to neutral range).
🧠5. What could be important?
Volatility Squeeze: Low volatility after a sharp move often heralds another impulse.
Potential Fakeout: If support at $104,900 is broken falsely (e.g. quick wick and return), a move up could occur.
No clear trend on the hourly chart, rather sideways market in the short term.
📊Summary and scenarios
Scenario 1 (bullish):
If the $105,000-$104,900 level holds, we can expect a test of $106,200-$106,400 and perhaps another attempt to approach $107,000.
Scenario 2 (bearish):
If the $104,900 support is broken (with a candle closed below this level), the next target is around $104,500 and below.
What to watch out for?
Timing of macro data releases - may increase volatility.
Sudden breakouts from consolidation - no trend = higher risk of sudden, false moves.
AVAX Long Swing Setup – Retrace to Major Support in PlayAVAX is undergoing a healthy correction, setting up a potential swing opportunity as it approaches the $19.00–$20.00 support zone. This level has held as a key pivot in the past, and we’re now watching for bullish confirmation to enter long.
📌 Trade Setup:
• Entry Zone: $19.00 – $20.00
• Take Profit Targets:
o 🥇 $22.50 – $24.00
o 🥈 $27.00 – $29.00
• Stop Loss: Daily close below $17.80
Gold Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3,330 zone, Gold was trading an a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 3,330 support and resistance zone.
Trade safe, Joe.
PENDLE – Bullish Continuation Setup from Key Support ZonePENDLE remains one of the standout performers in the crypto space, maintaining its bullish market structure even amid broader market uncertainty. With price currently holding well above key support, this presents a favorable opportunity for a swing long position, especially if the broader market stabilizes.
📥 Entry Zone:
$3.50 – $4.30
🔹 Confluence with previous resistance turned support
🔹 Demand zone within bullish structure
🔹 Ideal for scaling in
🎯 Take Profit Targets:
🥇 $5.45
🥈 $6.30
🥉 $6.85
🛑 Stop Loss:
Daily close below $3.00
Structure breakdown
RNDR (Render) – Higher Low Setup for Potential Upside ExpansionRENDER is holding strong above the $3.50–$4.00 support zone, forming what appears to be a higher low — a classic sign of potential trend continuation. This setup provides a favorable risk-to-reward ratio with clearly defined invalidation and upside targets.
📥 Entry Zone:
$3.50 – $4.00
🔸 Holding above demand
🔸 Prior resistance now acting as support
🔸 Potential higher low setup
🎯 Take Profit Targets:
🥇 $6.00 – Previous local top / liquidity pocket
🥈 $8.00 – Major resistance zone from prior cycle
🥉 $10.00 – Psychological round number + HTF extension target
🛑 Stop Loss:
Daily close below $2.50
Clears invalidation of the structure
Below HTF support base
GOLD LONG IDEAGold has been extremely bullish in the last few months on higher time frame.
Monthly : Bullish
Weekly : Bullish
Daily: Bullish
4HR : Bullish
I will be buying this bullish trend retracement on 4HR time frame.
But I want to see a bullish price action before I enter the trade for long.
My overall target is the major high created in April.
My RR is 1:5.
Bitcoin Daily Technical Overview (BTC/USD)Currently, Bitcoin (BTC/USD) is trading around $104,800. Up slightly but still digesting a sharp reversal that rattled short-term bulls.
Recent Price Action: Rejection From $112K
Back on 22nd May, Bitcoin surged to a new high near $112,000, fueled by bullish momentum, institutional flows, and strong on-chain accumulation. However, that breakout was swiftly rejected, and BTC fell as low as $103,400.
This kind of "bull trap" reversal highlights a few key dynamics:
1) Overextended sentiment: The rally above $110K was not supported by volume or follow-through, suggesting exhaustion.
2) Profit-taking by large holders or institutions likely triggered a cascade of stop-losses, accelerating the decline.
3) Liquidation clusters in leveraged long positions likely exacerbated the drop.
Bitcoin is now attempting to reclaim stability around the $104K–$105K range.
🔍 Technical Snapshot
- Support Zones at $103,000 and $93,200
- Resistance Levels at $112,000 (ATH)
Price is still above the 50 & 200-day SMAs, which could be a bullish longer-term signal.
In addition, the price remains above the upper band of the cloud, but momentum is stalling. A decisive bounce off the cloud could reignite bullish sentiment. Or falling into the cloud could trigger more uncertainty and downside.
Macro tailwinds: Concerns over U.S. fiscal stability and potential Fed rate cuts could keep Bitcoin attractive as a non-sovereign asset.
📈 Projection Scenarios
Bullish Case:
If BTC consolidates above $107K, we could see another attempt and retest of $112K.
Bearish Case:
Failure to hold above $103K could see Bitcoin revisit $100K, and if that breaks, downside opens toward the $93K level.
🧭 Insight & Takeaway
The current reversal serves as a healthy reminder that no trend goes up in a straight line. Especially not in crypto.
It likely shook out overleveraged longs, reset sentiment, and may give the market room to breathe before the next leg up.
The long-term trend remains intact, but expect more volatility before any clean break to new highs.
Always DYOR and DYODD and manage your risk.
HDFC AMC – Bullish Flag Formation on Daily ChartHDFC AMC is currently exhibiting a bullish flag formation, a classic continuation pattern following a strong vertical rally. The recent price action is consolidating within a downward-sloping channel, typically seen as a pause before the next leg up.
Key Technical Levels:
Flag upper boundary (first resistance): Around ₹4,400
Flag high / prior resistance: ₹4,583.65
All-time high: ₹4,867.00
A breakout above the flag’s upper line could signal fresh buying momentum with the potential to first retest the flag high and possibly challenge the all-time high if the breakout sustains.
Fundamentals Snapshot:
Dividend Yield: 1.64%
ROCE: 43.3%
ROE: 32.4%
PE Ratio: 37.09 (vs Industry PE of 20.70)
Growth Metrics:
Compounded Sales Growth:
10 Years: 13%
Compounded Profit Growth:
10 Years: 19%
Stock Price CAGR:
5 Years: 10%
This combination of strong technical setup and solid financial performance suggests HDFC AMC remains a strong contender in the asset management space.
Recent escalations along the India-Pakistan border have led to military confrontations, increasing uncertainty in the broader market. If tensions worsen, volatility may rise, and market sentiment could turn risk-off, impacting financial market. Traders should stay alert for any escalation news.
Disclaimer:
This post is for educational purposes only and is not financial advice. Please do your own research or consult a financial advisor before making any investment decisions. Market conditions and geopolitical developments can change rapidly.
BTC/USD 4h Char ReviewHello everyone, I invite you to review the current situation on BTC taking into account the 4-hour interval. We can see how the price is maintained just below the upward trend line, while a downward trend channel may be forming locally.
Here you can see how the price decline is maintained in a strong support zone from $ 105,000 to $ 103,150, however, if the support zone is broken, the price may quickly fall to the support area at $ 100,700
Looking the other way, you can see that when the trend reverses, we first have resistance at $ 106,560, the next is at $ 108,590, and then you can see very strong resistance at the level of the last ATH in the area of $ 112,000.
On the MACD indicator and the RSI indicator, you can see how we are maintaining in the lower part of the range, which indicates that the price bounce is still taking place to continue the growth.