BTCUSDT Market Outlook | 4H Chart
Follow price
BTCUSDT
❇️ Market Analysis & Scenarios:
Bitcoin is currently testing its dynamic trendline resistance on the 4H timeframe. The overall structure remains under key decision points for the upcoming week, presenting two major technical scenarios:
🔼 Bullish Scenario (Breakout):
For a sustained upward movement towards the higher liquidity pools at 82,500, 86,300, and potentially 89,400, BTC needs to clear and firmly close a 4H candle above the horizontal resistance at 79,000. A successful breakout and pullback confirmation above this level will switch the short-term momentum completely to the bulls.
🔽 Bearish Scenario (Correction):
If the price fails to break above 79,000 and drops below the local pivot at 74,500, we can expect a deeper corrective wave. In this case, the most high-probability accumulation and major support zone sits between 70,000 - 71,600, where buyers are highly likely to defend the macro bullish structure.
Follow price
BTCUSDT❇️ Market Analysis & Scenarios:
Bitcoin is currently testing its dynamic trendline resistance on the 4H timeframe. The overall structure remains under key decision points for the upcoming week, presenting two major technical scenarios:
🔼 Bullish Scenario (Breakout):
For a sustained upward movement towards the higher liquidity pools at 82,500, 86,300, and potentially 89,400, BTC needs to clear and firmly close a 4H candle above the horizontal resistance at 79,000. A successful breakout and pullback confirmation above this level will switch the short-term momentum completely to the bulls.
🔽 Bearish Scenario (Correction):
If the price fails to break above 79,000 and drops below the local pivot at 74,500, we can expect a deeper corrective wave. In this case, the most high-probability accumulation and major support zone sits between 70,000 - 71,600, where buyers are highly likely to defend the macro bullish structure.
- 💬 What is your bias for this week? Let me know in the comments!
Related publications
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.
Related publications
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.