Hi guys, let's review the current situation for BTCUSDT on 4 hour price chart.
My last idea worked out perfectly and BTC price finally tested 25250 support line which I indicated earlier. As I wrote before, I didn't believe that price will break that support and go much lower. Also, I indicated that after testing 25250 support line price likely will go back testing resistance area at 27300 - 27600. For now it's main resistance and it will decide if BTC price can go higher than that or after testing go back to 25k.
At this point I wouldn't make predictions about where price will go next as chances for both directions are 50/ 50. I suggest to focus on 27300 - 27600 resistance area and look from there how BTC behave.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
My last idea worked out perfectly and BTC price finally tested 25250 support line which I indicated earlier. As I wrote before, I didn't believe that price will break that support and go much lower. Also, I indicated that after testing 25250 support line price likely will go back testing resistance area at 27300 - 27600. For now it's main resistance and it will decide if BTC price can go higher than that or after testing go back to 25k.
At this point I wouldn't make predictions about where price will go next as chances for both directions are 50/ 50. I suggest to focus on 27300 - 27600 resistance area and look from there how BTC behave.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
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