đ BTC is approaching a key resistance zone on the 4H chart.
Bitcoin is trading above the Bollinger Band midline while MACD remains bullish, suggesting buyers are still in control.
Key observations: đ Bullish momentum remains intact. đ Price is approaching the upper Bollinger Band, where resistance may appear. â ïž RSI is above 70, which could lead to increased volatility or short-term profit-taking.
My view: I'll be watching how BTC reacts near this resistance. A confirmed breakout could strengthen the bullish trend, while rejection may trigger a healthy pullback.
đŹ Question: Do you think BTC will break above resistance today, or will it retrace before the next move?
Educational content only. Not financial advice.
#BTCâ #TechnicalAnalysis
$BTC $SIREN $ETH
Bitcoin is trading above the Bollinger Band midline while MACD remains bullish, suggesting buyers are still in control.
Key observations: đ Bullish momentum remains intact. đ Price is approaching the upper Bollinger Band, where resistance may appear. â ïž RSI is above 70, which could lead to increased volatility or short-term profit-taking.
My view: I'll be watching how BTC reacts near this resistance. A confirmed breakout could strengthen the bullish trend, while rejection may trigger a healthy pullback.
đŹ Question: Do you think BTC will break above resistance today, or will it retrace before the next move?
Educational content only. Not financial advice.
#BTCâ #TechnicalAnalysis
$BTC $SIREN $ETH