๐ฃ๏ธ FRIDAY CLOSE: Consolidation at $BTC or do you prefer liquidity for the weekend?
As Friday afternoon rolls around, the big question for any trader is whether the weekly volatility has already been absorbed, or whether itโs better to take profits and wait on the sidelines before weekend volume drops.
Looking at the 4-hour chart (4H) for Bitcoin ($BTC ), we can see that after the bearish wick swept liquidity down to $80,393.56, the price bounced back, aiming to stabilize at $82,478.00 (+1.18%). The price is currently struggling to reclaim the EMA 7 ($82,631.87), while the EMA 25 at $83,407.44 is the immediate resistance to overcome. With the RSI recovering to 43.92, the market is showing indecision and caution in this middle range.
โก Compare the metrics and market structure in real time before making a decision!
๐ Tap the interactive BTC card below. Open the live chart, analyze the RSI behavior, and adjust your positions in 1 click.
๐ Letโs head to the comments! Looking ahead to this weekend, do you think BTC will break above $83.4K ๐, or would you rather move into USDT and stay liquid until Monday ๐ต? Follow me and letโs chat below!
As Friday afternoon rolls around, the big question for any trader is whether the weekly volatility has already been absorbed, or whether itโs better to take profits and wait on the sidelines before weekend volume drops.
Looking at the 4-hour chart (4H) for Bitcoin ($BTC ), we can see that after the bearish wick swept liquidity down to $80,393.56, the price bounced back, aiming to stabilize at $82,478.00 (+1.18%). The price is currently struggling to reclaim the EMA 7 ($82,631.87), while the EMA 25 at $83,407.44 is the immediate resistance to overcome. With the RSI recovering to 43.92, the market is showing indecision and caution in this middle range.
โก Compare the metrics and market structure in real time before making a decision!
๐ Tap the interactive BTC card below. Open the live chart, analyze the RSI behavior, and adjust your positions in 1 click.
๐ Letโs head to the comments! Looking ahead to this weekend, do you think BTC will break above $83.4K ๐, or would you rather move into USDT and stay liquid until Monday ๐ต? Follow me and letโs chat below!