$BTC /USD 4-Hour Chart Analysis (Binance)
Current price is around 82,223.38, approaching the support zone at 82,000. Resistance is observed near 86,000. A breakout from the consolidation phase between March 11-18 led to a recent high of 88,364.89.
Long Setup:
Entry around 82,000 near support
Take profit targets at 86,000 and 88,364
Stop loss below 80,000
Short Setup:
Entry around 86,000 if price rejects resistance
Take profit targets at 82,000 and 80,000
Stop loss above 88,000
Current outlook suggests a potential bounce from support toward resistance, with a breakdown below 82,000 possibly leading to further downside toward 80,000.
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