analysisbtc
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This 4-hour $BTC /USDT chart shows a technical analysis with key areas marked for potential price action reversals.
Key Elements Explained:
1. Reversal Area (Around 118,200 - 118,500):
This zone is marked as a potential resistance.
Price is currently testing this level (118,017), suggesting that BTC may face selling pressure here.
Traders may look for short opportunities if bearish confirmation appears.
2. Retest Zone (~117,400 - 117,500):
This is a support zone after a recent breakout.
If price gets rejected from the reversal area, it may come down to retest this zone.
A successful retest could lead to another bullish move, while a breakdown may push price lower.
3. Reversal Zone (~116,000 - 116,500):
A lower support area where previous price reversals occurred.
If price breaks below the retest zone, it could head toward this level.
4. Devil Emoji (~114,800 - 115,000):
This likely represents a strong demand zone or a trap area where big players may accumulate BTC.
It aligns closely with the recent low of 114,711.9 marked on the chart.
Summary:
BTC is currently at a key resistance (Reversal Area) near 118,000. If it gets rejected, watch for support at the Retest zone and Reversal zone below. A clean breakout above 118,500 would invalidate the bearish outlook, while a rejection may signal a short opportunity.
This 4-hour $BTC /USDT chart shows a technical analysis with key areas marked for potential price action reversals.
Key Elements Explained:
1. Reversal Area (Around 118,200 - 118,500):
This zone is marked as a potential resistance.
Price is currently testing this level (118,017), suggesting that BTC may face selling pressure here.
Traders may look for short opportunities if bearish confirmation appears.
2. Retest Zone (~117,400 - 117,500):
This is a support zone after a recent breakout.
If price gets rejected from the reversal area, it may come down to retest this zone.
A successful retest could lead to another bullish move, while a breakdown may push price lower.
3. Reversal Zone (~116,000 - 116,500):
A lower support area where previous price reversals occurred.
If price breaks below the retest zone, it could head toward this level.
4. Devil Emoji (~114,800 - 115,000):
This likely represents a strong demand zone or a trap area where big players may accumulate BTC.
It aligns closely with the recent low of 114,711.9 marked on the chart.
Summary:
BTC is currently at a key resistance (Reversal Area) near 118,000. If it gets rejected, watch for support at the Retest zone and Reversal zone below. A clean breakout above 118,500 would invalidate the bearish outlook, while a rejection may signal a short opportunity.
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$BTC Daily Market Analysis: Is a Big Drop Coming?
We analyze according to the daily K chart. After careful consideration, I decided to expect a rebound decline based on the current daily K direction.
Daily K has fallen below the ascending box, so we should consider the price increase only in the recovery phase. Unless $BTC breaks back into the ascending box and holds firm at the lower boundary, it may be wrong to expect a significant rise. This presents a potential short position opportunity during the recovery phase.
It will be critical to watch closely to see if $BTC can regain the lower bound of the ascending box. Be careful to avoid a big fall!
#btc #bitcoin #teknikanaliz #analysisbtc
We analyze according to the daily K chart. After careful consideration, I decided to expect a rebound decline based on the current daily K direction.
Daily K has fallen below the ascending box, so we should consider the price increase only in the recovery phase. Unless $BTC breaks back into the ascending box and holds firm at the lower boundary, it may be wrong to expect a significant rise. This presents a potential short position opportunity during the recovery phase.
It will be critical to watch closely to see if $BTC can regain the lower bound of the ascending box. Be careful to avoid a big fall!
#btc #bitcoin #teknikanaliz #analysisbtc
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