📌 - #Bitcoin Analysis
4H Timeframe
Bitcoin is pumping even higher.
This move up is too impulsive, leaving no consolidation areas in the smaller timeframe to mark potential support.
Two scenarios:
• Price only retraces a bit and forms a small base.
• Price goes lower and retests the previous resistance area.
My guess is a small base forms first.
But overall, the previous resistance area offers the best probability of a bounce and entry.
#BinancePizzaVN #Binance #BTTC
4H Timeframe
Bitcoin is pumping even higher.
This move up is too impulsive, leaving no consolidation areas in the smaller timeframe to mark potential support.
Two scenarios:
• Price only retraces a bit and forms a small base.
• Price goes lower and retests the previous resistance area.
My guess is a small base forms first.
But overall, the previous resistance area offers the best probability of a bounce and entry.
#BinancePizzaVN #Binance #BTTC
