BTC/USDT Technical Analysis - 4H Timeframe
In the chart, we can see that the price, after forming a bearish structure and registering lower lows (LL), has entered a corrective phase. Considering the red resistance zones (Supply Zones) marked on the chart, the price has shown reactions in these areas.
The analysis structure includes the following trend:
Formation of higher highs (HH) followed by a pullback towards lower supports.
It is anticipated that after testing the resistance zone (HH), the price will likely move downward towards support levels, forming lower lows.
Forecast:
Based on the price reaction at the resistance zone, a potential bearish scenario is expected with the price reaching support levels (as indicated by the blue arrow).
Note: This analysis is purely personal and is not financial advice for buying or selling.
In the chart, we can see that the price, after forming a bearish structure and registering lower lows (LL), has entered a corrective phase. Considering the red resistance zones (Supply Zones) marked on the chart, the price has shown reactions in these areas.
The analysis structure includes the following trend:
Formation of higher highs (HH) followed by a pullback towards lower supports.
It is anticipated that after testing the resistance zone (HH), the price will likely move downward towards support levels, forming lower lows.
Forecast:
Based on the price reaction at the resistance zone, a potential bearish scenario is expected with the price reaching support levels (as indicated by the blue arrow).
Note: This analysis is purely personal and is not financial advice for buying or selling.
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.