BTC/USD Analysis H4 chart
Hello Guy Here is My Analysis About BTC/USD Must Support And Don't Forgot Share Your Thoughts And Like button
1. Strong Support Level:
The lower red zone indicates a critical support area near $90,000. Historically, prices have rebounded strongly from this level.
2. Resistance and Target:
The upper red zone marks a resistance level around $107,000, which aligns with the all-time high target.
3.Potential Scenarios:
Bullish Scenario: If the price maintains the support level and breaks above the recent resistance zone (highlighted with the orange circle), it may reach the $107,000 target. This path is indicated by the blue upward arrow.
Bearish Scenario: A failure to hold the support could lead to a sharp drop towards the $80,000 level, represented by the blue downward arrow.
4. Indicators:
SuperTrend signals (green and red lines) are used to identify trend directions. The green line indicates a bullish trend, while the red line suggests a bearish shift.
My suggestion is traders should closely watch the $90,000 support zone and $107,000 resistance for future price action.
Note This Analysis Only For Educational Purposes don't Consider It Tarding Advice
1. Strong Support Level:
The lower red zone indicates a critical support area near $90,000. Historically, prices have rebounded strongly from this level.
2. Resistance and Target:
The upper red zone marks a resistance level around $107,000, which aligns with the all-time high target.
3.Potential Scenarios:
Bullish Scenario: If the price maintains the support level and breaks above the recent resistance zone (highlighted with the orange circle), it may reach the $107,000 target. This path is indicated by the blue upward arrow.
Bearish Scenario: A failure to hold the support could lead to a sharp drop towards the $80,000 level, represented by the blue downward arrow.
4. Indicators:
SuperTrend signals (green and red lines) are used to identify trend directions. The green line indicates a bullish trend, while the red line suggests a bearish shift.
My suggestion is traders should closely watch the $90,000 support zone and $107,000 resistance for future price action.
Note This Analysis Only For Educational Purposes don't Consider It Tarding Advice
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