The 4-hour chart shows a short-term rebound from $93,340, followed by rejection near $99,500 and a drop below $96,000. Price action shows stabilization around $95,300, but lower highs are forming suggesting further declines are possible. If Bitcoin sustains above $95,000, an attempt to reclaim the $98,000 level is likely, while a break below $94,000 could accelerate selling pressure towards lower supports.
I think the short-term resistance of BTCUSD is at 96800 and 97200. Below 96200 and 95700 are the key short-term rising positions, so this should be an opportunity for weekend range consolidation.
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BTCUSDT.P BTCUSD BTCUSD BTCUSD
I think the short-term resistance of BTCUSD is at 96800 and 97200. Below 96200 and 95700 are the key short-term rising positions, so this should be an opportunity for weekend range consolidation.
BTCUSD BTCUSD BTCUSD BTCUSDT.P BTCUSD BTCUSD BTCUSD Note
Currently, the BTCUSD market confirms my signal analysis and traders who followed it have gained at least 1000 pips, which is an accurate and profitable suggestion.Trade closed: stop reached
TP2 95700 target has been reached, with a profit of 1000 points. Great traders can close the order. Now let us cheer for the victory together!
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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.