"Bitcoin (BTC/USD) on the 4H timeframe is currently trading within a well-defined consolidation range, as highlighted on the chart. Price action has repeatedly tested the lower boundary of the range without a confirmed breakdown yet.
The chart illustrates a potential bearish scenario where a decisive break below the range support could trigger a move towards the next major support zone at 93,353.55 USD. A failure to hold this level may open further downside potential.
The Ichimoku Cloud shows a neutral-to-bearish bias, which adds weight to the possibility of a breakdown.
Key Levels to Watch:
Range Resistance: Around 108,000 USD
Range Support: Around 103,800 USD
Major Support: 93,353.55 USD
Current Bias: Bearish (unless price reclaims the upper range resistance)
Traders are advised to wait for a confirmed breakout before considering new positions."
The chart illustrates a potential bearish scenario where a decisive break below the range support could trigger a move towards the next major support zone at 93,353.55 USD. A failure to hold this level may open further downside potential.
The Ichimoku Cloud shows a neutral-to-bearish bias, which adds weight to the possibility of a breakdown.
Key Levels to Watch:
Range Resistance: Around 108,000 USD
Range Support: Around 103,800 USD
Major Support: 93,353.55 USD
Current Bias: Bearish (unless price reclaims the upper range resistance)
Traders are advised to wait for a confirmed breakout before considering new positions."
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.