๐ BTC/USDT Analysis - 4H
#Bitcoin #BTC #Trading #Binance ๐ ๐ง
๐ Current situation:
BTC is in a consolidation zone after a strong bullish push at the beginning of July. Currently, the price is maintaining support above the EMA 200 (light blue line), which suggests that the bulls have not yet given up ground.
๐ Technical indicators:
โ The EMAs (9 and 21) are flat, indicating a lack of momentum in the short term.
๐ The stochastic RSI is in the mid zone with a bearish bias, but not yet in oversold territory.
๐ธ๏ธ The lateral range between $116,000 and $118,000 is the critical zone to watch.
๐ What to expect?
๐ข If BTC breaks $118,500 with volume, we could see a new expansion towards $120,000+
๐ด But if it loses $116,000 and breaks the EMA 200, it could fall to the key support at $114,500-$113,500.
๐ฏ Possible strategy:
๐ก Entry on breakout with confirmation > $118,000
๐บ TP: $120,500
๐ป SL: $115,900
โ ๏ธ Waiting zone or scalping. Still no clear confirmation of trend.
#BTCUSDT #CryptoTA #Crypto #4H โณ๐งพ
#Bitcoin #BTC #Trading #Binance ๐ ๐ง
๐ Current situation:
BTC is in a consolidation zone after a strong bullish push at the beginning of July. Currently, the price is maintaining support above the EMA 200 (light blue line), which suggests that the bulls have not yet given up ground.
๐ Technical indicators:
โ The EMAs (9 and 21) are flat, indicating a lack of momentum in the short term.
๐ The stochastic RSI is in the mid zone with a bearish bias, but not yet in oversold territory.
๐ธ๏ธ The lateral range between $116,000 and $118,000 is the critical zone to watch.
๐ What to expect?
๐ข If BTC breaks $118,500 with volume, we could see a new expansion towards $120,000+
๐ด But if it loses $116,000 and breaks the EMA 200, it could fall to the key support at $114,500-$113,500.
๐ฏ Possible strategy:
๐ก Entry on breakout with confirmation > $118,000
๐บ TP: $120,500
๐ป SL: $115,900
โ ๏ธ Waiting zone or scalping. Still no clear confirmation of trend.
#BTCUSDT #CryptoTA #Crypto #4H โณ๐งพ
