BTCUSD analysis in 4H/D tf
Updated
The upward trend with a very high and strong slope is continuing the price towards 30k.
The current price range is a powerful resistance that the price should not rest in to break it.
This is while in the 4-hour and daily time frames, the upper shadows of the candles are visible, and more importantly: the market is pumped by the bulls with the flow of liquidity and orders, and somehow the weakness of the United States (bankruptcy and increased risk aversion, etc.). ..)
It seems unlikely that the 30k range will be broken. But in case of failure, the target price is 34 to 37 K.
It seems that the market needs a rest and wants to continue its price in the form of a pullback and swing in the range of 24500 to 28k. I expect to see prices below 10k for the last few months.
**Financial markets have a lot of risk and trading and investment are not recommended. This is purely a personal analysis.
have a nice day
The current price range is a powerful resistance that the price should not rest in to break it.
This is while in the 4-hour and daily time frames, the upper shadows of the candles are visible, and more importantly: the market is pumped by the bulls with the flow of liquidity and orders, and somehow the weakness of the United States (bankruptcy and increased risk aversion, etc.). ..)
It seems unlikely that the 30k range will be broken. But in case of failure, the target price is 34 to 37 K.
It seems that the market needs a rest and wants to continue its price in the form of a pullback and swing in the range of 24500 to 28k. I expect to see prices below 10k for the last few months.
**Financial markets have a lot of risk and trading and investment are not recommended. This is purely a personal analysis.
have a nice day
Note
Note: pullback area :27k to 28500Price is strong... Can continue to 30k or upper...
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