Bitcoin Analysis | 1-Hour Timeframe
Currently, Bitcoin is positioned at a key support level around $108,380, which can act as an important support zone.
Due to the presence of divergence and overbought conditions on the 1-hour and 15-minute timeframes near $108,000, a price correction down to $104,400 (which coincides with the 50% Fibonacci retracement of the recent move) is expected.
If the price manages to break above the resistance at $108,380, we anticipate a bullish move towards the $109,500 level.
Conversely, a breakdown below the $108,380 support could lead to a deeper correction, potentially down to $105,000.
Good luck.
Risk management and sticking to your strategy are key to success in this volatile market.
Currently, Bitcoin is positioned at a key support level around $108,380, which can act as an important support zone.
Due to the presence of divergence and overbought conditions on the 1-hour and 15-minute timeframes near $108,000, a price correction down to $104,400 (which coincides with the 50% Fibonacci retracement of the recent move) is expected.
If the price manages to break above the resistance at $108,380, we anticipate a bullish move towards the $109,500 level.
Conversely, a breakdown below the $108,380 support could lead to a deeper correction, potentially down to $105,000.
Good luck.
Risk management and sticking to your strategy are key to success in this volatile market.
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.