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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t.me/+iZwBzq15KTM1Mzc0
join telegram for free signal on gold and different markets
t.me/+iZwBzq15KTM1Mzc0
join free telegram channel
join telegram for free signal on gold and different markets
t.me/+iZwBzq15KTM1Mzc0
join free telegram channel
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.