$BTC 4H Candle Analysis: Sweep or Bull Trap?
Bitcoin swept liquidity below psychological support, wicked down to $79,220, and printed a hammer bounce back to $80,845.
With the 7D trend down (-1.55%), caution is warranted. Price is currently stalling right under the 4H EMA21 ($81,300) and EMA50 ($81,770). Declining buy volume indicates a relief bounce rather than strong spot absorption.
Key Levels:
• Resistance: $81,300 - $81,800
• Support: $79,200 / $78,500
Failure to reclaim $81.3K keeps downside pressure open. Are you bidding this dip or waiting?
#Bitcoin #TechnicalAnalysis #BTC
Bitcoin swept liquidity below psychological support, wicked down to $79,220, and printed a hammer bounce back to $80,845.
With the 7D trend down (-1.55%), caution is warranted. Price is currently stalling right under the 4H EMA21 ($81,300) and EMA50 ($81,770). Declining buy volume indicates a relief bounce rather than strong spot absorption.
Key Levels:
• Resistance: $81,300 - $81,800
• Support: $79,200 / $78,500
Failure to reclaim $81.3K keeps downside pressure open. Are you bidding this dip or waiting?
#Bitcoin #TechnicalAnalysis #BTC
