BitcoinShort
Btc/Usdt
BTCUSD ---
**Bitcoin Analysis (H4):**
The current price is in a **neutral zone** and could continue moving sideways between **$99,000** and **$94,800** for a while. ⏳
The **daily wick** at **$95,500** on the **D1 Kijun** is a **bullish continuation signal** 📈, suggesting upward momentum could follow.
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**Main Trend:**
The **overall trend** for Bitcoin remains **bullish**. However, based on yesterday’s **daily close**, it might have marked a **local top** and the start of a **bearish correction phase**. 🚨📉
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**RSI Indicators:**
Both the **monthly** and **weekly RSI** are **overbought**, indicating a possible **correction** to test the next support zones:
- **$90,200**
- **$88,000**
- **$84,000**
- **$78,000**
In the case of a **stronger bearish move**, the previous **ATH resistance** zone around **$68,000 - $72,000** should be closely watched. 👀
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**Bull Market Behavior:**
In a **bull market cycle**, a **20-30% correction** after a significant rally is **normal** before any further upward movement. 📊
As long as **Bitcoin consolidates** above **$78,000**, the **altcoin market** should continue to see growth over time. 🚀
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**To Summarize:**
- **Current price:** Neutral zone, expect some **pump and dump** actions in the short term! 💥
- **Key support:** The **$95,000** zone must hold on the **daily** chart. 🔑
- **Bearish correction:** Not to be ruled out, especially with the overbought RSI. ⚠️
- **Bulls need:** A **daily close above $99,500** for confirmation of continuation. 📈
- **Altcoin market:** Expect **huge volatility** during this period! 🔥
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**Recommendation:**
Given the **market instability**, it’s advisable to **reduce targets and risk exposure** for the time being. ⚖️
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**Price Prediction:**
I would be cautious about predicting a clear direction at this moment, as **Bitcoin's price action** could swing between the levels mentioned above. If we see a breakout above **$99,500**, that could signal another push upwards, but until then, volatility should be expected. 🧐
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Overall, patience is key here! Let’s see how Bitcoin performs within these zones before making any major moves. ✨
Disclaimer:Not Financial Advice...
Disclaimer
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