BTC 4h Analysis
#BTC 4h
it has exactly corrected the 28800 range, which is an important support! (Demand area, static support and trading box floor)
At the moment, this pullback could break the trend line and be the supply range, and the current bitcoin resistance range is 28400-28500.
If we are rejected from this area, we can see correction up to the bottom of the box and logically up to Fibonacci 61.8. (My personal opinion)
If btc breaks the resistance range, it will go up to 200 EMA ! (The highest moving line on the chart)
Until we break this box up in daily time, there is no news of going up. And failure from the bottom of the box = stop loss of all longs!
Supports and resistances are marked as fibo on the chart.
it has exactly corrected the 28800 range, which is an important support! (Demand area, static support and trading box floor)
At the moment, this pullback could break the trend line and be the supply range, and the current bitcoin resistance range is 28400-28500.
If we are rejected from this area, we can see correction up to the bottom of the box and logically up to Fibonacci 61.8. (My personal opinion)
If btc breaks the resistance range, it will go up to 200 EMA ! (The highest moving line on the chart)
Until we break this box up in daily time, there is no news of going up. And failure from the bottom of the box = stop loss of all longs!
Supports and resistances are marked as fibo on the chart.
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