๐ BTC/USDT Technical Analysis (4H Timeframe)
๐น Market Overview
Current Price: $84,259.65 (+1.29%)
24h High: $85,309.71
24h Low: $83,126.57
24h Volume: 1.82B USDT
๐ Key Support & Resistance Levels
Major Resistance: $87,826
Intermediate Resistance: $85,309 (24h high)
Current Price: $84,259
Major Support: $79,732 โ $76,606
๐น Market Structure Analysis
BTC is holding above $84,000, indicating possible bullish continuation.
Resistance at $85,309 needs to be broken for a rally toward $87,826.
Higher low formation suggests an uptrend continuation if BTC remains above $83,000.
๐ฎ Possible Scenarios
โ Bullish Scenario (Break Above $85,309)
If BTC breaks and holds above $85,309, expect a move towards $87,826 โ $90,000.
A breakout above $90,000 could push BTC towards $95,000.
โ Bearish Scenario (Rejection at $85,309 & Drop Below $83,000)
If BTC fails to break $85,309 and drops below $83,000, expect a move back to $79,732 โ $76,606.
๐ Trading Strategy
๐ Bullish Trade (If BTC Breaks $85,309)
Entry: Above $85,400
Target: $87,826 โ $90,000
Stop-Loss: Below $84,000
๐ Bearish Trade (If BTC Fails at $85,309 & Drops Below $83,000)
Entry: Below $82,900
Target: $79,732 โ $76,606
Stop-Loss: Above $84,000
โ Key Takeaways
๐น BTC is showing strength but needs to break $85,309 for further upside.
๐น $83,000 is a critical supportโlosing it could trigger a retest of $79,732.
๐น Volume confirmation is essential before entering a trade.
Trade wisely and always use stop-loss to manage risks! ๐๐
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