#BTC/USDT 4Hr UPDATE !!
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: -Looking at the 4-hour timeframe, the price is consolidating between the tight range of 18K and 20K. The 20K level recently rejected the price to the downside and appears to be targeting the 18K low again in the near future.
The RSI, which demonstrated an overbought signal while the market was testing the 20K resistance level, is now showing neutral values, indicating that the market is in equilibrium in terms of momentum.
Considering the higher timeframe downtrend, a breakout below the 18K support remains the most probable scenario, and a continuation of the bear market seems likely.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: -Looking at the 4-hour timeframe, the price is consolidating between the tight range of 18K and 20K. The 20K level recently rejected the price to the downside and appears to be targeting the 18K low again in the near future.
The RSI, which demonstrated an overbought signal while the market was testing the 20K resistance level, is now showing neutral values, indicating that the market is in equilibrium in terms of momentum.
Considering the higher timeframe downtrend, a breakout below the 18K support remains the most probable scenario, and a continuation of the bear market seems likely.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.