📊 BTCUSDT: Watching Support
Bitcoin is approaching an important support zone on the 4-hour chart.
RSI is currently around 42 and beginning to rise, which may suggest that selling momentum is weakening.
I'm watching for:
- A bullish candle confirmation near support.
- Increasing buying volume.
- RSI continuing to move upward.
If buyers defend this zone, a recovery may be possible. However, a break below support could weaken the bullish outlook.
What are you watching on the BTC chart?
#BTC #Bitcoin #TechnicalAnalysis
Educational purposes only. Not financial advice.
Bitcoin is approaching an important support zone on the 4-hour chart.
RSI is currently around 42 and beginning to rise, which may suggest that selling momentum is weakening.
I'm watching for:
- A bullish candle confirmation near support.
- Increasing buying volume.
- RSI continuing to move upward.
If buyers defend this zone, a recovery may be possible. However, a break below support could weaken the bullish outlook.
What are you watching on the BTC chart?
#BTC #Bitcoin #TechnicalAnalysis
Educational purposes only. Not financial advice.