BTCUSD Futures ( BTCUSD ), H4 Potential for Bullish Rise
Title: BTCUSD Futures ( BTCUSD ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 23563.5
Pivot: 22761.0
Support: 21416.5
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bearish market. If this bullish momentum continues, expect the price to retrace and retest from the pivot at 22616.58 and continue heading up toward the overlap resistance at 25216.69.
Alternative scenario: Price may head back down towards the support line at 21515.36 where the recent swing low is.
Fundamentals: There is no major news.
Type: Bullish Rise
Resistance: 23563.5
Pivot: 22761.0
Support: 21416.5
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bearish market. If this bullish momentum continues, expect the price to retrace and retest from the pivot at 22616.58 and continue heading up toward the overlap resistance at 25216.69.
Alternative scenario: Price may head back down towards the support line at 21515.36 where the recent swing low is.
Fundamentals: There is no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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