Bitocin Analysis on 04.05.2024

May 4

A.O.A And Good Morning To All Brother and Sisters!

#Bitcoin Analysis on 04.05.2024

Bitcoin Bounced Back Hard after Some Results on Stock Market. and as I Mentioned in my Last Analysis, Hit Stoplosses on Lot of Sell Trades,Giving us the Chance to Make Some profit on Alts at Weekend.
Now The Main Things To Follow are the two D.Trendline(Arrow #3&#5). Breakout of These 2 Lines Give us the Direction.
and The Blue Area(Arrow #4) is very Key Level on 4H TimeFrame.
Near the Arrow#3 Start Also Our Yellow Area. and that point is Full With Resistence Level. If Break, We Can Reverse the Trend. And if Weekly Candle Close inside Yellow Area Then Bitcoin Confirm the Fake Breakout of Yellow Area of Last Weekend.

I Wish you all a Very Nice Weekend.