๐จ *Bitcoin (BTC) in 4H Timeframe โ A Key Range is Forming!* ๐จ
Hey, BTC traders! ๐ Hereโs whatโs happening with Bitcoin on the 4-hour chart:
*BTC has formed a solid range* ๐นโwith *multiple support* and *resistance levels* tested. This makes the range *valid* and one to watch closely. ๐ฅ
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*What Does This Mean?*
๐ *Key Levels to Watch:*
- *Support*: Every time BTC tests the lower end of the range, it bounces back.
- *Resistance*: The upper end of the range is holding strong and preventing further upward movement.
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*Possible Scenarios* ๐๐
1๏ธโฃ *Break-Out Scenario*:
If BTC breaks out of this range, *a new all-time high* could be in the cards. ๐ The momentum will push the price higher, possibly testing new price levels.
2๏ธโฃ *Break-Down Scenario*:
If the range breaks down, expect BTC to fall and *range between 95k -92k* ๐. This could cause a short-term pullback.
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*What to Do?*
๐ *Keep an eye on the range* โ watch for the breakout or breakdown. And donโt forget about *the FED*, as their moves could impact the market! ๐ฆ
Stay sharp and monitor closely! ๐ฅ
---$BTC
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