BTCUSDT 4H: Liquidity Zones in Play - Potential Swing Scenario
Overview:
On the 4H BTC/USDT chart, we are observing significant liquidity accumulation at two key levels: 100,000 and 90,000 USDT. These levels are likely to act as magnet zones for price action in the short to mid-term. Based on this, I foresee a potential price movement scenario:
Upside Move: Targeting the liquidity at the 100,000 resistance level.
Downside Move: Testing the 90,000 support zone, gathering liquidity below.
Correction Completion: Following these moves, the correction may conclude, and the price could initiate a new upward trend.
Key Indicators Supporting the Analysis:
RSI (Relative Strength Index):
Currently at 49, indicating neutral conditions. Any move above 70 (overbought) or below 30 (oversold) will act as confirmation for the next major swing.
MACD (Moving Average Convergence Divergence):
The MACD line has crossed below the signal line, indicating short-term bearish momentum. A bullish crossover will be a key signal for the upward leg to 100,000.
Bollinger Bands:
Price is consolidating near the lower band, showing oversold conditions. A break toward the middle band will confirm the upside target.
Volume Analysis:
Volume has spiked during recent sell-offs, confirming liquidity accumulation at lower levels. Watch for volume increase on any breakout above resistance.
Support and Resistance Zones:
Resistance: 97,000, 100,000.
Support: 92,000, 90,000, 87,000.
200 EMA (Exponential Moving Average):
The price is trading below the 200 EMA, indicating a prevailing bearish trend. A reclaim of this level will confirm a trend reversal.
Predicted Scenario:
Step 1: Price moves upwards to test the 100,000 resistance level to collect liquidity.
Step 2: A retracement occurs, pulling the price down to the 90,000 support zone.
Step 3: Post-retest, the price stabilizes and resumes an upward trend, potentially targeting new highs.
Key Levels to Watch:
Resistance Levels: 97,000, 100,000
Support Levels: 92,000, 90,000, 87,000
Trading Plan:
Buy: Consider long positions near 90,000 support with confirmation (RSI oversold, MACD bullish crossover).
Sell: Partial profit-taking at 97,000 and major selling near 100,000.
Risk Management: Use stop-loss levels below 87,000 for buy positions.
On the 4H BTC/USDT chart, we are observing significant liquidity accumulation at two key levels: 100,000 and 90,000 USDT. These levels are likely to act as magnet zones for price action in the short to mid-term. Based on this, I foresee a potential price movement scenario:
Upside Move: Targeting the liquidity at the 100,000 resistance level.
Downside Move: Testing the 90,000 support zone, gathering liquidity below.
Correction Completion: Following these moves, the correction may conclude, and the price could initiate a new upward trend.
Key Indicators Supporting the Analysis:
RSI (Relative Strength Index):
Currently at 49, indicating neutral conditions. Any move above 70 (overbought) or below 30 (oversold) will act as confirmation for the next major swing.
MACD (Moving Average Convergence Divergence):
The MACD line has crossed below the signal line, indicating short-term bearish momentum. A bullish crossover will be a key signal for the upward leg to 100,000.
Bollinger Bands:
Price is consolidating near the lower band, showing oversold conditions. A break toward the middle band will confirm the upside target.
Volume Analysis:
Volume has spiked during recent sell-offs, confirming liquidity accumulation at lower levels. Watch for volume increase on any breakout above resistance.
Support and Resistance Zones:
Resistance: 97,000, 100,000.
Support: 92,000, 90,000, 87,000.
200 EMA (Exponential Moving Average):
The price is trading below the 200 EMA, indicating a prevailing bearish trend. A reclaim of this level will confirm a trend reversal.
Predicted Scenario:
Step 1: Price moves upwards to test the 100,000 resistance level to collect liquidity.
Step 2: A retracement occurs, pulling the price down to the 90,000 support zone.
Step 3: Post-retest, the price stabilizes and resumes an upward trend, potentially targeting new highs.
Key Levels to Watch:
Resistance Levels: 97,000, 100,000
Support Levels: 92,000, 90,000, 87,000
Trading Plan:
Buy: Consider long positions near 90,000 support with confirmation (RSI oversold, MACD bullish crossover).
Sell: Partial profit-taking at 97,000 and major selling near 100,000.
Risk Management: Use stop-loss levels below 87,000 for buy positions.
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