BTCUSDT 4-Hour Chart Update and Analysis
Support: BTC has successfully formed two higher lows near $106,000-$107,000 (marked 1 and 2), indicating that the green area remains strong.
Resistance: The price is currently facing resistance near $111,500. This area served as previous support and could now limit short-term upside.
Trend: Price activity is showing stabilization after a pullback and is attempting to reclaim the breakdown level.
Outlook: Sustaining above the trendline and the $109,500-$110,000 range provides bullish support. If resistance is broken, a return to $113,000-$115,000 is targeted.
DYOR | NFA
Support: BTC has successfully formed two higher lows near $106,000-$107,000 (marked 1 and 2), indicating that the green area remains strong.
Resistance: The price is currently facing resistance near $111,500. This area served as previous support and could now limit short-term upside.
Trend: Price activity is showing stabilization after a pullback and is attempting to reclaim the breakdown level.
Outlook: Sustaining above the trendline and the $109,500-$110,000 range provides bullish support. If resistance is broken, a return to $113,000-$115,000 is targeted.
DYOR | NFA
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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.