$BTC 4H future
Technical Analysis and Expected Price Movement:
This chart utilizes Gann Box and Gann Fan to analyze price structure. Currently, BTC is trading around 98,340.5 USDT, fluctuating within a mid-term corrective pattern. Based on technical data, the expected price movement is as follows:
Phase 1: A potential price correction towards 96,016.5 USDT, aligning with a key Gann level and the 0.618 Fibonacci retracement.
Phase 2: A rebound towards 98,601.3 USDT, which could act as an initial resistance.
Phase 3: Breaking this level and continuing the uptrend towards 100,945.6 USDT, located near the 0.5 Fibonacci level and a critical Gann fan resistance.
Phase 4: Reaching 103,229.9 USDT, which aligns with the Gann box overlap and a major static resistance level.
Key Levels and Possible Price Reactions:
96,016.5 USDT – Strong support; a potential bounce from this level is likely.
98,601.3 USDT – First resistance; breaking above it could signal a continuation of the uptrend.
100,945.6 USDT – A critical zone; surpassing this level increases the probability of reaching 103K.
103,229.9 USDT – The most significant mid-term resistance, where a breakout could lead to higher targets around 106K - 108K.
Conclusion:
If the price corrects to 96K, buyers are expected to step in, initiating a new upward wave.
A sustained move above 103K would indicate a continuation of the bullish trend towards higher resistance zones.
This chart utilizes Gann Box and Gann Fan to analyze price structure. Currently, BTC is trading around 98,340.5 USDT, fluctuating within a mid-term corrective pattern. Based on technical data, the expected price movement is as follows:
Phase 1: A potential price correction towards 96,016.5 USDT, aligning with a key Gann level and the 0.618 Fibonacci retracement.
Phase 2: A rebound towards 98,601.3 USDT, which could act as an initial resistance.
Phase 3: Breaking this level and continuing the uptrend towards 100,945.6 USDT, located near the 0.5 Fibonacci level and a critical Gann fan resistance.
Phase 4: Reaching 103,229.9 USDT, which aligns with the Gann box overlap and a major static resistance level.
Key Levels and Possible Price Reactions:
96,016.5 USDT – Strong support; a potential bounce from this level is likely.
98,601.3 USDT – First resistance; breaking above it could signal a continuation of the uptrend.
100,945.6 USDT – A critical zone; surpassing this level increases the probability of reaching 103K.
103,229.9 USDT – The most significant mid-term resistance, where a breakout could lead to higher targets around 106K - 108K.
Conclusion:
If the price corrects to 96K, buyers are expected to step in, initiating a new upward wave.
A sustained move above 103K would indicate a continuation of the bullish trend towards higher resistance zones.
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.
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.