Bitcoin Technical Analysis | 4h chart
Updated
Technical analysis:
Resistance at 42k, 45k, 50k | 40k (challenging now), 38k, 36k, 32k, 30k
You should be safe between 45k - 50k.. major resistance
Major resistance at 32k
Bear market if lower than 30k | Bull market if recover to 50k
Targets:
Entry at 39k and selling 10% of total per 1k (hit 41k / 42k)
Stop loss at 40k for 50% (hit)
Stop loss remains at 39k
Buying at 35k
Resistance at 42k, 45k, 50k | 40k (challenging now), 38k, 36k, 32k, 30k
You should be safe between 45k - 50k.. major resistance
Major resistance at 32k
Bear market if lower than 30k | Bull market if recover to 50k
Targets:
Entry at 39k and selling 10% of total per 1k (hit 41k / 42k)
Stop loss at 40k for 50% (hit)
Stop loss remains at 39k
Buying at 35k
Note
Currently encountering heavy resistance between 39k and 42k.Note
Hit SL at 39kBuying on 35k 32k 30k 28k 25k
20% per target
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