Update on the Bitcoin H4 #BTC:
General Trend: Bullish in the short term, strong recovery movement from the September low, with an upward structure and continuous highs.
Liquidity Areas: Liquidity concentrated between 111000 - 113000 and has been fully absorbed, supporting the rise.
Current Movement: The price is now at 115800 after a strong upward push, with the beginning of momentum slowing down and clear resistance appearing.
Expected Scenario: Continued rise is likely as long as the 114900 area is maintained as a key support; any break below it may bring the price back to test 113000 again.
Good luck to you all❤
General Trend: Bullish in the short term, strong recovery movement from the September low, with an upward structure and continuous highs.
Liquidity Areas: Liquidity concentrated between 111000 - 113000 and has been fully absorbed, supporting the rise.
Current Movement: The price is now at 115800 after a strong upward push, with the beginning of momentum slowing down and clear resistance appearing.
Expected Scenario: Continued rise is likely as long as the 114900 area is maintained as a key support; any break below it may bring the price back to test 113000 again.
Good luck to you all❤