BTC/USDT 4 HOUR ANALYSIS
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In the 4 HOUR time Frame, BTC is facing some heavy resistance and it is struggling to break through the first resistance level. Phase 1. Once BTC breaks above this level then we can expect BTC to reach the 63k level .
Phase 2. On the other side of the coin, a rejection from the resistance level may possibly drop the price back to
54K then expected to move upside from important support level.
let,s see how 4 hours candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
In the 4 HOUR time Frame, BTC is facing some heavy resistance and it is struggling to break through the first resistance level. Phase 1. Once BTC breaks above this level then we can expect BTC to reach the 63k level .
Phase 2. On the other side of the coin, a rejection from the resistance level may possibly drop the price back to
54K then expected to move upside from important support level.let,s see how 4 hours candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
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