Analysis #BTCUSDT
Hello traders,
Today, I share with you an in-depth and updated technical view of Bitcoin against USDT on the 4-hour timeframe, based on the current market structure and liquidity behavior in critical supply and demand areas.
Overall Trend: Corrective Descending within a Main Ascending Wave
The market is currently in a Distribution Phase after a strong upward wave that started from levels below 88,000 and reached a peak at 106K. This phase is characterized by slow momentum and sharp retracements from strong horizontal resistances.
Today, I share with you an in-depth and updated technical view of Bitcoin against USDT on the 4-hour timeframe, based on the current market structure and liquidity behavior in critical supply and demand areas.
Overall Trend: Corrective Descending within a Main Ascending Wave
The market is currently in a Distribution Phase after a strong upward wave that started from levels below 88,000 and reached a peak at 106K. This phase is characterized by slow momentum and sharp retracements from strong horizontal resistances.
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BTC
105,838
-0.26%