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BTC/USDT: Anticipating a Correction from Key Resistance Zone?In this BTC/USDT technical analysis, we analyze the current price action and market trends to identify potential trading opportunities. The analysis suggests that BTC/USDT might experience a corrective phase from a significant resistance zone. Analysis :- BTC/USDT is currently facing a crucial resistance zone in the range of 30200 to 30400. Historical price data indicates that this area has acted as a Point of Interest (POI) in the past, causing price reversals. Consequently, there is a likelihood that BTC/USDT could experience a bearish pullback from this critical level. Considering the prevailing market conditions, we anticipate a corrective move in the BTC/USDT pair. Our analysis points to potential support levels at 29000 and 27500. Traders should closely monitor price action around these areas as they might present buying opportunities if BTC/USDT respects these support levels. Examining the micro and macro trend:- The micro-trend, based on short-term price movements, is currently bearish, indicating the potential for a downside correction. However, the macro trend, considering the broader market perspective, remains bullish, suggesting that the long-term bullish sentiment is still intact. In conclusion, our BTC/USDT technical analysis indicates that the cryptocurrency pair is likely to encounter resistance in the 30200-30400 range, potentially leading to a corrective phase. We expect the price to correct towards support levels at 29000 and 27500. Traders should exercise caution and closely monitor price action at these levels for potential buying opportunities. Remember to stay informed, manage risks wisely, and trade responsibly. Happy trading!
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by Un_trade
BTC/USDT :- Anticipating Price Swing and Bullish Order Block? Welcome to this comprehensive technical analysis of BTC/USDT. In this analysis, we'll delve into recent price trends, potential support and resistance levels, and a notable bullish order block. Price Projection and Swing Potential: BTC/USDT has experienced a recent downturn, with the price having potential to retrace towards the 28200-28000 range. This correction could provide a healthy reset for the cryptocurrency, potentially offering traders an opportunity to accumulate at a lower price point. Anticipated Price Rally: As the price tests the support area around 28200-28000, a rebound could lead to a notable rally. Traders should closely monitor the price action as it approaches the 30200-30400 range. This resistance level could serve as a critical test for BTC/USDT's bullish momentum. Bullish Order Block Analysis: A key highlight in our analysis is the presence of a bullish order block at the 28200 level. Order blocks often act as significant support zones, reflecting a cluster of buy orders. The presence of a bullish order block enhances the likelihood of a rebound from the 28200 level, potentially validating our projection of a price swing towards the 30200-30400 range. Conclusion: The BTC/USDT technical analysis suggests a potential fall towards the 28200-28000 range, presenting an opportunity for traders to accumulate. A subsequent price rally towards the 30200-30400 range is anticipated, contingent on successful support confirmation. The presence of a bullish order block at the 28200 level further bolsters our analysis. For more insightful analyses and timely updates, follow our TradingView profile.
by Un_trade
BTC/USDT Crossroads:Short Term Bearish Signals & What Lies Ahead💎 Paradisers, let's dive into BTC/USDT. The asset has recently slipped below its supportive trendline and is currently hovering near the demand zone of 25,792 on the weekly chart. My anticipation is that we might witness some stabilization in this region for a few days or perhaps a week before the price determines its subsequent trajectory. Presently, the scales tip towards a bearish sentiment, primarily due to the bearish divergence spotted on the RSI, signaling a potential trend reversal. Yet, it's essential to stay attuned to the price action. 💎 If BTC/USDT plunges past the 24,214 demand threshold, we might be steering towards the subsequent demand zone at 21,753. Intriguingly, this aligns with the Fibonacci's 0.618 level, often dubbed the 'golden zone'. Any bullish signs here could suggest a potential uptrend. However, if this zone crumbles, our sights are set on the 16,603 mark, a formidable demand zone and an optimal juncture for long-term accumulation. 💎The market might exhibit a lateral movement, potentially shaking out the less tenacious traders. Given the room for further decline in both the RSI and price, Stay vigilant and keep soaring, ParadiseSquad!
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by MyCryptoParadise_Nathan
BTC/USDT 4H Analysis: Bearish Breakdown or Rebound?📉 Bitcoin (BTC/USDT) 4H Chart Analysis 🔴 Overview: Bitcoin is trading at $101,847 (-0.22%) on the 4-hour timeframe. The price is moving within a descending wedge/pennant pattern. Key EMA (200): Currently at $100,781, acting as dynamic support. 📌 Key Levels & Analysis: Resistance Zone (~$102,000 - $103,000): Price is struggling to break above this level. Support Zone (~$97,500 - $98,500): A key demand zone where buyers may step in. ⚠️ Potential Scenarios: Bearish Breakdown ⬇️ If BTC loses the $100,800 EMA support, a drop towards $98,000-$97,500 is likely. The marked arrow suggests this bearish move. Bullish Rebound ⬆️ If BTC holds above EMA 200 and reclaims $102,000, a breakout towards $104,000-$106,000 could follow. 🧐 Final Thoughts: Short-term trend: Bearish bias unless price reclaims resistance. Watch for a break below $100,800 for further downside. RSI & Volume Confirmation Needed for stronger signals.
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by MrStellanSight
#BTC/USDT 4HOUR 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. BTC /USDT UPDATE ! Bitcoin is now trying to break the $21.750-$22,000 resistance area. If BTC is able to break this resistance, we will see a move towards the key resistance area of ​​$22,500. If BTC gets rejected from here, we will again see a test of $20,000. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
#BTC/USDT 4HOUR 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. BTC /USDT UPDATE ! As we can see from the chart mentioned above, BTC broke above the upper trend line of this triangle pattern, and a retest Is likely in the upcoming hours. Retest will be the confirmation to rally above the price level of $22.4k again. Break below the lower green support will lead BTC again to move back inside the triangle pattern. Let's see how it performs in upcoming hours. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
BTC/USDT-->INVERTED POLE & FLAG BREAKDOWNBINANCE:BTCUSDTPERP TECHNICAL ANALYSIS --> BTC/USDT had made a impulsive downmove earlier and was consolidating in a Inverted Flag Pattern since 3 months. --> BTC/USDT has given a breakdown from a INVERTED POLE & FLAG Pattern. Bitcoin Onchain Analysis -->during the consolidatiion of BTC/USDT in a Inverted Flag Pattern since 3 months. -->In this zone MPI, Miner's Inflow, SOAB(5-7yr,7-10yr,10y), Average Dormancy, CDD made huge peaks suggesting Long-Term-Hodlers booking Profits . --> for a detailed analysis you can check it out on my portfolio by clicking the link in the comment box. ENTRY --> Take a postion when it gives 1 HR closing below 39100. STOPLOSS --> SL =42100 TARGET --> Target 1 = 34100 Target 2 = 30100
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by Roswin-Fernandes