solovat

solovat

The price is moving within a downward-sloping channel, indicating a bearish trend. The upper boundary of the channel is acting as resistance, while the lower boundary is acting as support. The price recently bounced off the lower boundary of the channel, suggesting a temporary relief or reversal within the channel. Bitcoin is currently testing...

solovat

Here's an analysis of the latest BTC/USDT chart on the 4-hour timeframe: 1.Overall Trend: - The chart shows a continuation of the downtrend within a clearly defined descending channel, marked by the parallel blue lines. This suggests persistent bearish sentiment in the market. 2.Support and Resistance Levels: - Key support levels are around 57,000 USDT and...

solovat

Price Action: The chart shows a clear downtrend channel, highlighted by two parallel blue lines. The price has been making lower highs and lower lows within this descending channel. Support and Resistance: There is a support level at approximately 61,483.5 USDT, as indicated by the blue horizontal line at the bottom of the chart. The previous consolidation zone,...

solovat

In the chart, there’s a noticeable strong upward movement before the price starts to consolidate and move downwards in what seems to be a parallel downward channel. This fits the definition of a bull flag. Key Features: 1. Flagpole: The strong upward price movement prior to the channel is the flagpole. This move is typically steep and occurs over a relatively...

solovat

it seems BTC is going in the range

solovat

Looks like the downtrend has finally been broken! Get ready, because it's only a matter of time before we see a surprise 10% surge that'll catch everyone off guard and jumpstart the next big market rally.