Markets are collapsing but focus is required to update the market on the 4-hour timeframe,
Based on the provided data for the BTC/USDT pair on the 4-hour timeframe, here is the comprehensive analysis and recommendation:
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### Technical Analysis:
1. Critical levels:
- Resistance:
- 81,196.1 (short-term resistance).
- 82,596.6 and **84,383.2** (medium-term resistances).
- 89,069.5 (strong long-term resistance).
- Support:
- 77,111.0 (main support tested twice).
- 76,541.5 (secondary support if the price breaks downwards).
2. Current price and recent performance:
- The price is at 78,806.2, with a decrease of 5.81%, indicating temporary selling pressure.
- Fair price (78,822.3) is very close to the current price, which may support temporary stability or a bounce.
3. Trading volume and momentum:
- Trading volume is high (**312,543.03 BTC** in 24 hours), reflecting strong liquidity and significant activity.
- Stochastic indicator (K: 24.7, D: 29.5) indicates an oversold area, which may result in a bullish bounce soon.
4. Overall pattern:
- The price is trading in a range between 77,111.0 and **81,196.1**.
- Breaking any of these levels will clearly determine the next trend.
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### Recommendation:
#### Scenario 1: Buy (BUY) - If the price bounces from support
- Entry conditions:
- Confirmed price bounce from 77,111.0 (like a strong green candle or a breakout at 78,822.3).
- Closing price of 4 hours above 78,822.3 to increase confidence in the trade.
- Profit target:
- 81,196.1 (first major resistance).
- 82,596.6 (secondary target if the first resistance is broken).
- Stop loss: below 77,111.0 (closing a 4-hour candle below this level).
#### Scenario 2: Sell (SELL) - If the price breaks the support
- Entry conditions:
- Price broke to 77,111.0 with high trading volume.
- Closing price of 4 hours below this level.
- Profit target:
- 76,541.5 (nearest support).
- 75,000.0 (psychological support area if the decline continues).
- Stop loss: above 78,822.3 (to prevent loss in case of sudden bounce).
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### Additional Notes:
- Risk management:
- Avoid entering without clear confirmation (wait for a closing candle or a breakout).
- Preferred risk-to-reward ratio: at least 1:2.
- Fundamental news:
- Monitor any news regarding Bitcoin (such as macro market fluctuations or ETF updates).
- Higher timeframe:
- Review the daily chart to confirm the overall trend.
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### Summary:
- Current trend: Neutral with potential bullishness if the price bounces from 77,111.0.
- Recommendation: Wait for confirmation of either a breakdown of support or a bounce before entering a trade.
- Safe trading: enter with a small portion of capital (**2-3%**) to avoid high risks.
> Note: Markets are volatile, so make sure to update the analysis before execution. #DiversifyYourAssets #BinanceAlphaAlert #NextCryptoETFs? #BinanceAlphaAlert #BTCBelow80K #StopLossStrategies $BTC $ETH $BTC
