$BTC

Chart Analysis

Suppose we are observing the 4-hour chart on Binance.

General Trend:

🔹 BTC is following an upward trend with higher highs and higher lows.

🔹 It is moving between $80,000 (support) and $85,000 (resistance).

Identification of Supports and Resistances:

✅ Support: $80,000 (zone where BTC has bounced several times).

✅ Resistance: $85,000 (zone where BTC has been rejected several times).

Potential Breakout:

🔹 If BTC breaks $85,000 with strong volume, we can expect a rise towards $90,000.

🔹 If BTC breaks $80,000 downwards, it could drop towards $75,000.