$BTC USDT – H4 Chart
BTC is currently in a technical rebound after hitting a bottom around 59,080.
The price is now around 63,462, having surpassed the middle Bollinger Band (MB ~61,830), indicating that short-term buying pressure is dominant.
However, the price is nearing the upper Bollinger Band (64,200), so we might see some volatility or short-term profit-taking.
Key Zones
Near Support: 62,500 – 61,800.
Strong Support: 60,800 – 59,000.
Near Resistance: 64,200 – 65,000.
Stronger Resistance: 67,500 – 68,000.
Technical Signals
RSI(6) is around 64: positive but not overbought yet.
The recovery volume is pretty good, but it's not strong enough to confirm a medium-term trend reversal.
Scenario
If it holds above 61,800–62,000, BTC could continue towards 65,000 and then 67,500.
If rejected at the 64,200–65,000 zone, the price may pull back to 62,000 to retest support.
Brief Analysis: The H4 is leaning towards a recovery bounce, but the overall trend still needs to break above 65,000–68,000 for a stronger reversal confirmation. Currently, it's better to play Long on dips rather than chasing price at resistance.
BTC is currently in a technical rebound after hitting a bottom around 59,080.
The price is now around 63,462, having surpassed the middle Bollinger Band (MB ~61,830), indicating that short-term buying pressure is dominant.
However, the price is nearing the upper Bollinger Band (64,200), so we might see some volatility or short-term profit-taking.
Key Zones
Near Support: 62,500 – 61,800.
Strong Support: 60,800 – 59,000.
Near Resistance: 64,200 – 65,000.
Stronger Resistance: 67,500 – 68,000.
Technical Signals
RSI(6) is around 64: positive but not overbought yet.
The recovery volume is pretty good, but it's not strong enough to confirm a medium-term trend reversal.
Scenario
If it holds above 61,800–62,000, BTC could continue towards 65,000 and then 67,500.
If rejected at the 64,200–65,000 zone, the price may pull back to 62,000 to retest support.
Brief Analysis: The H4 is leaning towards a recovery bounce, but the overall trend still needs to break above 65,000–68,000 for a stronger reversal confirmation. Currently, it's better to play Long on dips rather than chasing price at resistance.