Here's the quick updated BTC/USDT analysis based on 4hr Time Frame
Current Price:
$85,206.93
Price is up +0.67% in the last 24 hours
Market is currently ranging between $84,300 and $86,500
Price Range (24h):
High: $85,300
Low: $84,303.96
This shows low volatility, suggesting sideways movement
Support & Resistance Zones:
Support levels:
$84,300
$82,400
$80,000 (psychological support)
Resistance levels:
$86,496 (recent peak)
$87,000 (next visible wall)
Performance Overview (bottom summary):
Today: +0.75% (mild bullish)
7 Days: +1.50%
90 Days: -17.92% (indicates long-term weakness)
1 Year: +35.72% (overall bullish trend intact)
Conclusion:
Short term: Sideways to mild bullish
Medium term: Needs to break $86,500+ for a bullish continuation
Risk: If it breaks $84,000 support, BTC could revisit $82k or lower