👋🏻 Hey everyone! Hope you’re doing great! Welcome to the SatoshiFrame channel.
✨ Today we’re diving into the 4-Hour Bitcoin analysis — stay tuned and follow along!
🪙 Bitcoin, in its 4-hour timeframe (as mentioned in previous analyses), is currently sitting below a major resistance level. A breakout above this area could trigger a strong bullish leg, potentially driving price toward forming a new ATH. The key resistance zone is around $106,590, and breaking it could lead to some beautiful market moves.
📊 The buying volume at this resistance is not yet sufficient. If we look closely, since the last touch of the maker-buyer zone at the lower part of the chart, volume has been declining. To break through this resistance, whale candles are needed to absorb all sell orders in the zone — this could lead to a short squeeze.
🧮 The RSI oscillator on the 4-hour timeframe has fluctuated several times below the 70 level, showing two rejections near that area. The 70 RSI level aligns with the $106,590 price resistance, and crossing above it could trigger a strong upward move.
✍️ You can read the possible scenarios for Bitcoin in the rest of the analysis, but since Bitcoin has shown reduced buying volume, it’s best to lower your risk exposure. If the breakout happens, you can reallocate remaining risk toward the next resistance levels.
✅ Long Position Scenario:
A confirmed breakout above $106,590, along with increased buying volume and the RSI surpassing 70, could form a solid long setup on the 4-hour timeframe. Make sure to gather proper confirmations before entering to ensure the best possible trade setup.
❤️ Disclaimer: This analysis is purely based on my personal opinion, and I only take trades when the stated triggers are activated.
✨ Today we’re diving into the 4-Hour Bitcoin analysis — stay tuned and follow along!
🪙 Bitcoin, in its 4-hour timeframe (as mentioned in previous analyses), is currently sitting below a major resistance level. A breakout above this area could trigger a strong bullish leg, potentially driving price toward forming a new ATH. The key resistance zone is around $106,590, and breaking it could lead to some beautiful market moves.
📊 The buying volume at this resistance is not yet sufficient. If we look closely, since the last touch of the maker-buyer zone at the lower part of the chart, volume has been declining. To break through this resistance, whale candles are needed to absorb all sell orders in the zone — this could lead to a short squeeze.
🧮 The RSI oscillator on the 4-hour timeframe has fluctuated several times below the 70 level, showing two rejections near that area. The 70 RSI level aligns with the $106,590 price resistance, and crossing above it could trigger a strong upward move.
✍️ You can read the possible scenarios for Bitcoin in the rest of the analysis, but since Bitcoin has shown reduced buying volume, it’s best to lower your risk exposure. If the breakout happens, you can reallocate remaining risk toward the next resistance levels.
✅ Long Position Scenario:
A confirmed breakout above $106,590, along with increased buying volume and the RSI surpassing 70, could form a solid long setup on the 4-hour timeframe. Make sure to gather proper confirmations before entering to ensure the best possible trade setup.
❤️ Disclaimer: This analysis is purely based on my personal opinion, and I only take trades when the stated triggers are activated.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.