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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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.