BTC Analysis range 4H
Updated
Well,
The price has go lower of 60K and take all lower zone of the volume profile, It's was a bearish trap.
If the price will go lower the next support zone could be 50K.
Now, At date. The range volume profile show to peaks.
The price are little higher one first at 65K. The direction are range point of control at 67K500.
The price has break the bearish trend line.
The next resistance level are 67K500 then 72K.
The price has go lower of 60K and take all lower zone of the volume profile, It's was a bearish trap.
If the price will go lower the next support zone could be 50K.
Now, At date. The range volume profile show to peaks.
The price are little higher one first at 65K. The direction are range point of control at 67K500.
The price has break the bearish trend line.
The next resistance level are 67K500 then 72K.
Note
The price make a re-test of the supoprt at 62K.This support are also the the lower value area range volume profile.
The price are evolving in bullish penant
The poc (point of control) is located now at 63K750
Scenario :
4H closing under 62K could be a short therm short trend
4H closing above 64K, the tend will be strongly bullish.
Be aware about fake breakout and volatility inducement.
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