Hello everyone,
Bitcoin is still maintaining a relatively strong bullish structure on the H4 timeframe as price continues to hold firmly above both the EMA 34 and EMA 89. After the strong rally toward the 82,000 area, the market has started to slow down and move sideways within a narrow range around 80,000–81,000, reflecting a temporary balance between buyers and sellers.
The positive point here is that despite some profit-taking pressure after the sharp rally, price has not lost the EMA 34 around 80,000. This suggests that larger market participants are not aggressively exiting positions yet, but rather absorbing supply while waiting for the next directional move. Meanwhile, both EMA 34 and EMA 89 continue to slope upward with a widening positive gap — a sign that the primary trend still favors the upside.
Bitcoin is still maintaining a relatively strong bullish structure on the H4 timeframe as price continues to hold firmly above both the EMA 34 and EMA 89. After the strong rally toward the 82,000 area, the market has started to slow down and move sideways within a narrow range around 80,000–81,000, reflecting a temporary balance between buyers and sellers.
The positive point here is that despite some profit-taking pressure after the sharp rally, price has not lost the EMA 34 around 80,000. This suggests that larger market participants are not aggressively exiting positions yet, but rather absorbing supply while waiting for the next directional move. Meanwhile, both EMA 34 and EMA 89 continue to slope upward with a widening positive gap — a sign that the primary trend still favors the upside.
Trade closed: target reached
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Join our group and unlock real-time Forex, gold, and crypto signals — sharp insights, fast alerts, and opportunities you don’t want to miss.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.