**The bounce is just around the corner! đ Analyzing Bitcoin support and RSI**
The current zone between **$73,700 and $75,000 USD** is acting like a magnet and key support. If youâve been following the play, youâll know this level looks set to stop the correction and pave the way for what comes next.
đ **What are the indicators telling us?**
* **Divergences on the 1H and 4H:** Bullish divergences are starting to appear on the lower time frames. They wonât mark the definitive bottom of the year, but theyâre ideal for stopping the bleeding.
* **The range scenario:** Most likely, this bounce will lead to **a few days of range-bound trading** in this zone. That sideways movement is exactly what the daily chart needs to finish consolidating a clear, strong divergence.
* **Spot outlook:** For spot trading, this is the time to be surgically patient. Accumulating gradually at support levels helps avoid headaches and puts you in a good position for the next impulse wave.
Are you buying at this support, or would you rather wait for the daily chart to confirm the pattern? Let me know in the comments below! đđŹ
$BTC
#bitcoin #CryptoTrading. #BinanceSquareTalks #TechnicalAnalysis
The current zone between **$73,700 and $75,000 USD** is acting like a magnet and key support. If youâve been following the play, youâll know this level looks set to stop the correction and pave the way for what comes next.
đ **What are the indicators telling us?**
* **Divergences on the 1H and 4H:** Bullish divergences are starting to appear on the lower time frames. They wonât mark the definitive bottom of the year, but theyâre ideal for stopping the bleeding.
* **The range scenario:** Most likely, this bounce will lead to **a few days of range-bound trading** in this zone. That sideways movement is exactly what the daily chart needs to finish consolidating a clear, strong divergence.
* **Spot outlook:** For spot trading, this is the time to be surgically patient. Accumulating gradually at support levels helps avoid headaches and puts you in a good position for the next impulse wave.
Are you buying at this support, or would you rather wait for the daily chart to confirm the pattern? Let me know in the comments below! đđŹ
$BTC
#bitcoin #CryptoTrading. #BinanceSquareTalks #TechnicalAnalysis