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btc technical update
#BTC #FVG #vsa BTC/USDT 4-Hour Chart Update with Fair Value Gap Analysis
Fair Value Gap (FVG) Analysis
Identified Gaps:
1. Bearish FVG (Near 93,104 – 93,800):
The gap formed during the recent strong downward move.
The price could revisit this zone for a potential retracement before continuing its bearish trend.
2. Unfilled Gaps Above (Near 95,000 – 96,000):
A significant FVG lies in the range of 95,000 to 96,000, aligning with the EMA 55 and EMA 100. If the price reverses upward, this are
Fair Value Gap (FVG) Analysis
Identified Gaps:
1. Bearish FVG (Near 93,104 – 93,800):
The gap formed during the recent strong downward move.
The price could revisit this zone for a potential retracement before continuing its bearish trend.
2. Unfilled Gaps Above (Near 95,000 – 96,000):
A significant FVG lies in the range of 95,000 to 96,000, aligning with the EMA 55 and EMA 100. If the price reverses upward, this are
#nextmove #tradingtechnique $BTC
BTC/USDT 4-Hour Chart Analysis
Based on the BTC/USDT chart (4-hour timeframe)
Technical Analysis
1. Exponential Moving Averages (EMA):
EMA 10 (Yellow): At 93,947, acting as immediate dynamic resistance.
EMA 55 (Pink): At 96,289, representing a key level to overcome for a potential short-term trend reversal.
EMA 100 (Purple): At 96,620, serving as another resistance in a recovery attempt.
EMA 400 (Green): At 91,952, currently providing dynamic support. The price trading above this level suggests a possible bounce.
2. Support and Resistance Levels:
Key Resistance: At 94,685 (24-hour high) and 95,696 (near the EMA 55 level).
Key Support: At 91,203 (24-hour low) and 91,952 (EMA 400).
3. Volume Analysis:
A noticeable increase in volume during recent red candles indicates that selling pressure dominated. However, this could also signify absorption by buyers.
4. Current Trend:
Prevailing Downtrend: Evident from the bearish crossover of EMAs (EMA 10 and EMA 55 below EMA 100).
Potential Bounce: The price is attempting to break above EMA 10. A successful consolidation above this level may pave the way toward EMA 55 (96,289).
Projections and Conclusion
1. Bullish Scenario:
If the price breaks and closes above 94,685, it could target 96,620 (EMA 100) and move toward the 98,231 level.
2. Bearish Scenario:
A loss of support at 91,952 (EMA 400) may push the price toward the recent low of 91,203, with further downside potential to 90,627.
3. Key Indicator:
Observing price behavior around EMA 10 (93,947) and monitoring volume in this area will be crucial. Increased bullish volume would confirm buyers' intention to regain control.
BTC/USDT 4-Hour Chart Analysis
Based on the BTC/USDT chart (4-hour timeframe)
Technical Analysis
1. Exponential Moving Averages (EMA):
EMA 10 (Yellow): At 93,947, acting as immediate dynamic resistance.
EMA 55 (Pink): At 96,289, representing a key level to overcome for a potential short-term trend reversal.
EMA 100 (Purple): At 96,620, serving as another resistance in a recovery attempt.
EMA 400 (Green): At 91,952, currently providing dynamic support. The price trading above this level suggests a possible bounce.
2. Support and Resistance Levels:
Key Resistance: At 94,685 (24-hour high) and 95,696 (near the EMA 55 level).
Key Support: At 91,203 (24-hour low) and 91,952 (EMA 400).
3. Volume Analysis:
A noticeable increase in volume during recent red candles indicates that selling pressure dominated. However, this could also signify absorption by buyers.
4. Current Trend:
Prevailing Downtrend: Evident from the bearish crossover of EMAs (EMA 10 and EMA 55 below EMA 100).
Potential Bounce: The price is attempting to break above EMA 10. A successful consolidation above this level may pave the way toward EMA 55 (96,289).
Projections and Conclusion
1. Bullish Scenario:
If the price breaks and closes above 94,685, it could target 96,620 (EMA 100) and move toward the 98,231 level.
2. Bearish Scenario:
A loss of support at 91,952 (EMA 400) may push the price toward the recent low of 91,203, with further downside potential to 90,627.
3. Key Indicator:
Observing price behavior around EMA 10 (93,947) and monitoring volume in this area will be crucial. Increased bullish volume would confirm buyers' intention to regain control.
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