BitcoinShort
BTC/USD ANALYSIS BY DAVID JOSH
Updated
BTC/USD H4 CHART ANALYSIS
The BTC/USD chart on the 4-hour timeframe suggests a potential reversal pattern amid recent volatility. After reaching a peak near $109,551, Bitcoin has faced downward pressure, testing key support levels around $92,633. This reflects a corrective move following its upward trajectory.
Fundamentally, the market is influenced by macroeconomic factors such as regulatory news and institutional investment trends in cryptocurrency. Market sentiment remains cautious with traders closely monitoring global economic cues.
Key Levels:
Resistance: Around $104,339
Support: Critical at $92,633
Trading Strategy
Traders might consider buying opportunities if the price breaks above resistance at $101,158 with strong volume. Conversely, a break below current support could signal further downside risk to the lower support level.
Risk management is crucial given Bitcoin's inherent volatility. Monitoring fundamental indicators alongside technical signals can help navigate this dynamic market environment effectively.
The BTC/USD chart on the 4-hour timeframe suggests a potential reversal pattern amid recent volatility. After reaching a peak near $109,551, Bitcoin has faced downward pressure, testing key support levels around $92,633. This reflects a corrective move following its upward trajectory.
Fundamentally, the market is influenced by macroeconomic factors such as regulatory news and institutional investment trends in cryptocurrency. Market sentiment remains cautious with traders closely monitoring global economic cues.
Key Levels:
Resistance: Around $104,339
Support: Critical at $92,633
Trading Strategy
Traders might consider buying opportunities if the price breaks above resistance at $101,158 with strong volume. Conversely, a break below current support could signal further downside risk to the lower support level.
Risk management is crucial given Bitcoin's inherent volatility. Monitoring fundamental indicators alongside technical signals can help navigate this dynamic market environment effectively.
Trade active
BTC/USD Tuched 96430 we need to wait for last target as per our analysisTrade closed: target reached
our target reached Note
btc Tuched 95130 
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