On the 4H timeframe, the zone that the price is currently holding looks technically weak, but at the same time it’s very important. On the chart, an ascending trendline support is being formed which is continuously pushing the price upward from the $63,412 low. If this trendline and the current support zone break, then the 75K level could come before 83K.
But there’s another side to the picture—if this zone holds, then with bullish continuation, 83K will come first, and the recent high of 81,435 could also be broken.
RSI and Volume Signal
RSI(6) is at 46.1, which is in the neutral zone—not overbought, not oversold. There’s also no big spike in volume, which confirms the consolidation phase. This means the market is currently waiting for direction.
What Traders Should Do?
If support holds: A good opportunity for long positions, target 83K
If support breaks: Downside to 75K is possible, keep the stop-loss tight
Risk management: Avoid very high leverage like 500X—weekend volatility stays high
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But there’s another side to the picture—if this zone holds, then with bullish continuation, 83K will come first, and the recent high of 81,435 could also be broken.
RSI and Volume Signal
RSI(6) is at 46.1, which is in the neutral zone—not overbought, not oversold. There’s also no big spike in volume, which confirms the consolidation phase. This means the market is currently waiting for direction.
What Traders Should Do?
If support holds: A good opportunity for long positions, target 83K
If support breaks: Downside to 75K is possible, keep the stop-loss tight
Risk management: Avoid very high leverage like 500X—weekend volatility stays high
#BTC
#BinanceSquareFamily