🚨 BTC/USDT Analysis (4H) – Has key support been reached, or does bearish pressure continue? 📉
The BTC/USDT pair on the 4-hour timeframe has seen a sharp correction over the past few hours, retreating from the upper range and marking a recent low at $80,344.8.
📊 Key Chart Data:
Current Price: ~$81,978 USDT
24h Low: $80,344.8
24h High: $83,260.0
Parabolic SAR: Signaling a bearish trend above the current price (~$83,465).
Volume: A notable increase in selling volume during the drop to the $80.3k area, followed by a slight attempt at a technical rebound.
💡 Scenarios to consider:
Bullish Scenario (Recovery rebound):
To regain buying momentum, the price needs to consolidate above $82,000–$83,000 and move above the Parabolic SAR points, with a view to retesting the $84,500–$86,000 levels.
Bearish Scenario (Support test):
If it fails to hold the $81,500 range, we could see another test of support at $80,344. A break below that area would open the door to seeking liquidity lower down, in the $79,000–$80,000 range.
💬 What do you think, traders? Was $80,300 the local bottom, or will we see a deeper correction before looking for new highs?
👇 Share your analysis and comments below!
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