$BTC
Bitcoin Technical Analysis
Currency: Bitcoin (BTC).
Timeframe: 4 hours, with confirmation from the daily chart.
Reference price: approximately $69,400.
4-hour trend: strongly bearish.
Daily trend: strongly bearish.
Weekly trend: still bullish according to the indicators used.
4-hour RSI: 23.4.
Daily RSI: 25.5.
Support levels:
$67,992.
$65,095.
$62,405.
Resistance levels:
$72,006.
$73,645.
$75,095.
Bullish scenario
If the price closes a 4-hour candle above $72,006, then retests the level and holds above it:
Entry: After confirmation of the retest.
First target: $73,645.
Second target: $75,095.
Stop loss: Below the retest low.
🔴 Bearish scenario
If the price closes a 4-hour candle below $67,992 and fails to reclaim the level:
Entry: After a failed retest.
First target: $65,095.
Second target: $62,405.
Stop loss: Above the retest high.
#BTC
Bitcoin Technical Analysis
Currency: Bitcoin (BTC).
Timeframe: 4 hours, with confirmation from the daily chart.
Reference price: approximately $69,400.
4-hour trend: strongly bearish.
Daily trend: strongly bearish.
Weekly trend: still bullish according to the indicators used.
4-hour RSI: 23.4.
Daily RSI: 25.5.
Support levels:
$67,992.
$65,095.
$62,405.
Resistance levels:
$72,006.
$73,645.
$75,095.
Bullish scenario
If the price closes a 4-hour candle above $72,006, then retests the level and holds above it:
Entry: After confirmation of the retest.
First target: $73,645.
Second target: $75,095.
Stop loss: Below the retest low.
🔴 Bearish scenario
If the price closes a 4-hour candle below $67,992 and fails to reclaim the level:
Entry: After a failed retest.
First target: $65,095.
Second target: $62,405.
Stop loss: Above the retest high.
#BTC
