📉 1. Market structure – short-term 4H trend
In the chart I see:
• Breaking the upward trend line (black diagonal) – a classic signal of weakening momentum.
• After the breakout, there was a quite strong downward impulse, which confirms that the intraday trend has turned bearish.
• The price is currently testing around USDT 89,500-90,000, where a reaction is emerging, but not strong yet.
👉 Conclusion: 4H is now in a bearish correction and the market looks ready to test further lower supports.
⸻
🧭 2. Support and resistance levels (from your chart)
Upcoming supports:
1. 89,500–89,000 – the current level at which the market is trying to defend itself.
2. 88 185 – clear red line, first logical support lower.
3. 86,001 – next demand level, big candle from the past.
4. 83,720 – deeper support to which the market returns when there is great fear.
The nearest resistances (which need to be recovered to return to growth):
1. 90,467 – first key resistance; now it will work as a "flip".
2. 91 923 – stronger resistance; This is where the declines began.
3. 94,223 - only breaking this level shows that the bulls are back.
👉 The market is currently sitting BELOW the key resistance of 90,467, so downward pressure is active.
⸻
📉 3. Analysis of candles and price behavior
• The last 4-6 candles are large red bodies, which shows the clear dominance of supply.
• After the breakout of the trendline, there is no strong pullback - this means that the bears do not allow for a rebound.
• The lower shadow on the last candle indicates buyer reaction, but no confirmation yet.
👉 If 89,500 is broken, a move to 88,185 is very likely.
⸻
📉 4. MACD – negative signal
MACD shows:
• Bearish cross – the blue line crossed the orange line from above.
• The histogram turns into red bars - the downward momentum is increasing.
• MACD is below zero → confirmed downward trend in the 4-H interval.
👉 MACD confirms what we see on the chart: momentum is falling and a rebound is unlikely without consolidation.
In the chart I see:
• Breaking the upward trend line (black diagonal) – a classic signal of weakening momentum.
• After the breakout, there was a quite strong downward impulse, which confirms that the intraday trend has turned bearish.
• The price is currently testing around USDT 89,500-90,000, where a reaction is emerging, but not strong yet.
👉 Conclusion: 4H is now in a bearish correction and the market looks ready to test further lower supports.
⸻
🧭 2. Support and resistance levels (from your chart)
Upcoming supports:
1. 89,500–89,000 – the current level at which the market is trying to defend itself.
2. 88 185 – clear red line, first logical support lower.
3. 86,001 – next demand level, big candle from the past.
4. 83,720 – deeper support to which the market returns when there is great fear.
The nearest resistances (which need to be recovered to return to growth):
1. 90,467 – first key resistance; now it will work as a "flip".
2. 91 923 – stronger resistance; This is where the declines began.
3. 94,223 - only breaking this level shows that the bulls are back.
👉 The market is currently sitting BELOW the key resistance of 90,467, so downward pressure is active.
⸻
📉 3. Analysis of candles and price behavior
• The last 4-6 candles are large red bodies, which shows the clear dominance of supply.
• After the breakout of the trendline, there is no strong pullback - this means that the bears do not allow for a rebound.
• The lower shadow on the last candle indicates buyer reaction, but no confirmation yet.
👉 If 89,500 is broken, a move to 88,185 is very likely.
⸻
📉 4. MACD – negative signal
MACD shows:
• Bearish cross – the blue line crossed the orange line from above.
• The histogram turns into red bars - the downward momentum is increasing.
• MACD is below zero → confirmed downward trend in the 4-H interval.
👉 MACD confirms what we see on the chart: momentum is falling and a rebound is unlikely without consolidation.
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.
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.
