BTC/USD – 4-Hour Time Frame Analysis
Bitcoin (BTC) is currently trading within a well-defined downward parallel channel on the 4-hour chart. The price action continues to respect both the resistance and support zones of this channel.
At present, BTC is approaching the upper boundary of the channel, which serves as a key resistance level. If the resistance holds, a rejection is expected from this zone, potentially leading to a significant downward move.
Traders should monitor this area closely for confirmation signals before entering short positions.
Bitcoin (BTC) is currently trading within a well-defined downward parallel channel on the 4-hour chart. The price action continues to respect both the resistance and support zones of this channel.
At present, BTC is approaching the upper boundary of the channel, which serves as a key resistance level. If the resistance holds, a rejection is expected from this zone, potentially leading to a significant downward move.
Traders should monitor this area closely for confirmation signals before entering short positions.
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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.
Join my telegram channel for free signals and analysis
t.me/AmeliaGoldTrader123
t.me/AmeliaGoldTrader123
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.