Bitcoin is currently within a central accumulation range, with positive signals appearing on higher timeframes that support the continuation of the bullish move, provided that the key support zones are respected.
📊 Technical Analysis & Timeframes:
Daily timeframe (1D): The overall trend is bullish. The Relative Strength Index (RSI) is moving in positive zones, with an upward crossover in the MACD indicator, supporting accumulation to complete the upward move.
4-hour timeframe (4H): Sideways fluctuation above the main moving averages, awaiting the close of a confirmation candle above the nearby resistance to push toward the next targets.
🎯 Pivot Price Levels:
🛑 Support Levels:
First Support (most important currently): the moving average zone (EMA 50).
Main Support: the base of the sideways range (a break and a daily close below it temporarily invalidates the bullish scenario).
🎯 Resistance Levels & Targets:
First Resistance: the current nearby peak (breaking it with a mechanism of high trading volume opens the door for further upside).
Next Target: the zone of high liquidity above the previous peak.
💡 Proposed Trading Scenario:
Holding above the first support line provides the best edge for Buy (Long) trades toward the specified targets.
Risk Management: It is preferable to adhere to a strict stop-loss just below the main support level to protect capital.
💬 Share your opinion in the comments: Do you think Bitcoin is preparing to break the upcoming peak, or will we see a retest?
📊 Technical Analysis & Timeframes:
Daily timeframe (1D): The overall trend is bullish. The Relative Strength Index (RSI) is moving in positive zones, with an upward crossover in the MACD indicator, supporting accumulation to complete the upward move.
4-hour timeframe (4H): Sideways fluctuation above the main moving averages, awaiting the close of a confirmation candle above the nearby resistance to push toward the next targets.
🎯 Pivot Price Levels:
🛑 Support Levels:
First Support (most important currently): the moving average zone (EMA 50).
Main Support: the base of the sideways range (a break and a daily close below it temporarily invalidates the bullish scenario).
🎯 Resistance Levels & Targets:
First Resistance: the current nearby peak (breaking it with a mechanism of high trading volume opens the door for further upside).
Next Target: the zone of high liquidity above the previous peak.
💡 Proposed Trading Scenario:
Holding above the first support line provides the best edge for Buy (Long) trades toward the specified targets.
Risk Management: It is preferable to adhere to a strict stop-loss just below the main support level to protect capital.
💬 Share your opinion in the comments: Do you think Bitcoin is preparing to break the upcoming peak, or will we see a retest?
