#Analysis | #BTC | 1H | #NUM_A51
As we said in the previous analysis, Bitcoin is located in a rectangle
And the area of resistance and support is the same as the previous analysis
4H Support & Resistance
Support area: 29834.2 ~ 29550
Resistance area: 31008.5 ~ 31435.3
15m Support & Resistance
Support area: 30583 ~ 30624.8
Resistance area: 31375.1 ~ 31318.5
#Analysis | #BTC | 4H | #NUM_A49
Due to the closeness of support and resistance to each other, we can expect the market to turn...
If the fundamental news does not create market direction.
Price range: 25756~23909
#Analysis | #BTC | 4H | #NUM_A48
Bitcoin is in a triangle in the four-hour time frame and will soon break to the top or bottom of this triangle, and after the triangle breaks, long or short positions can be opened.
Long (Pending Order)
Limit order : 0.4245
(Wait for the price to reach the limit order, and never open a position at a lower price)
SL : 0.405
TP : 0.4299 / 0.4387 / 0.446 / 0.4521 / 0.4577 /0.4692 / 0.477 / 0.487
Don't risk more than 1% f your capital.
In the previous analysis, we identified several resistances and supports
All of which went according to our analysis
Bitcoin has not yet been able to break down the key area that we have identified
And now the price is in a triangle, the triangle breaking in any direction can be the direction of the market
So you have to wait until the triangle breaks...
Trigger (SELL) : 2.011 (Yellow line)
Wait for the price to reach the yellow line, then you can open a SHORT position
TP : 1.998 / 1.985 / 1.965
SL : 2.035
Don't risk more than 1% of your capital.