This is the Bitcoin / U.S. Dollar - BTCUSD 4-Hour chart on Bitstamp with manual levels marked.
Chart Analysis:
1. Range + Descending Trend: BTC has been trading in a big range. A descending "Range" trendline is coming down from the ∼$66,400 highs.
2. Failed Breakout: Price made a pink rising channel, broke up to test "Resistance" near $65,200, then got rejected hard.
3. Current Price: Now trading at ∼$62,600 - right above the major "Support" zone at $62,000 - $62,200. That's a key area marked on chart.
4. Structure: Multiple "Boss" supply zones were marked earlier. We failed at resistance and now in a pullback. "Target point" is marked around $64,000 if it bounces.
Key Levels to Watch:
- Resistance: $64,800 - $65,200 - Recent high + descending trendline. Break above needed for bullish continuation
- Support 1: $62,000 - $62,200 - Major horizontal support. Must hold for bulls
- Support 2: $61,000 - If $62K breaks, next downside target
Bias: Short-term bearish pressure while below $65,200. Holding $62,000 keeps the range alive. Losing $62,000 on 4H close likely sends BTC to test $61,000. Bounce from here could target the "Target point" at ∼$64,000.
Educational only. Not financial advice. Always manage risk
Chart Analysis:
1. Range + Descending Trend: BTC has been trading in a big range. A descending "Range" trendline is coming down from the ∼$66,400 highs.
2. Failed Breakout: Price made a pink rising channel, broke up to test "Resistance" near $65,200, then got rejected hard.
3. Current Price: Now trading at ∼$62,600 - right above the major "Support" zone at $62,000 - $62,200. That's a key area marked on chart.
4. Structure: Multiple "Boss" supply zones were marked earlier. We failed at resistance and now in a pullback. "Target point" is marked around $64,000 if it bounces.
Key Levels to Watch:
- Resistance: $64,800 - $65,200 - Recent high + descending trendline. Break above needed for bullish continuation
- Support 1: $62,000 - $62,200 - Major horizontal support. Must hold for bulls
- Support 2: $61,000 - If $62K breaks, next downside target
Bias: Short-term bearish pressure while below $65,200. Holding $62,000 keeps the range alive. Losing $62,000 on 4H close likely sends BTC to test $61,000. Bounce from here could target the "Target point" at ∼$64,000.
Educational only. Not financial advice. Always manage risk
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.