Is $BTC Gearing Up for a Breakout or Just a Fakeout? 🚨
Bitcoin is currently testing a crucial resistance level (Supply Zone), and volatility is compressing tightly on the lower timeframes.
Key Levels to Watch:
•Immediate Resistance: Watch for a 4-hour candle close above the recent local high to confirm a bullish trend continuation.
•Key Support: Losing this consolidation zone risks dragging the price down to retest the daily 50 EMA.
•Strategy: Avoid chasing green candles straight into resistance. Wait for clear retest confirmation or a high-probability setup before entering.
What’s your bias on $BTC right now—breakout to new highs or a pullback first? Drop your thoughts below! 👇
@Binance Square Official #Write2Earn
#CryptoAnalysis #bitcoin #TradingSignals
#KhmerSharing24h
Bitcoin is currently testing a crucial resistance level (Supply Zone), and volatility is compressing tightly on the lower timeframes.
Key Levels to Watch:
•Immediate Resistance: Watch for a 4-hour candle close above the recent local high to confirm a bullish trend continuation.
•Key Support: Losing this consolidation zone risks dragging the price down to retest the daily 50 EMA.
•Strategy: Avoid chasing green candles straight into resistance. Wait for clear retest confirmation or a high-probability setup before entering.
What’s your bias on $BTC right now—breakout to new highs or a pullback first? Drop your thoughts below! 👇
@Binance Square Official #Write2Earn
#CryptoAnalysis #bitcoin #TradingSignals
#KhmerSharing24h
