#BTC On the 4-hour chart, it is moving in the 61,306–64,700 range. Whichever level it breaks, a move in the breakout direction is expected.


As long as it stays above 61,306, the possibility remains that it could perform the moves I marked. If it stays above 64,700, there could be an upward move toward 67,500.
If, during the rise, it stays above the 67,500 resistance level, the move toward 75,000 could continue.
If, on the daily timeframe, it stays above the 67,500 level, there will be a chance that the uptrend continues toward 82,885.
If it stays below 61,306, then a retest of a dip could come again. If the weekly close remains below 57,000, the likelihood of the decline continuing increases, and the drop could continue toward the 49,000–50,000 support zones.
If there is a close above 82,885 on both the daily and weekly timeframes, it would be the first high top according to the last bearish wave. This is a positive signal that the uptrend may continue even further.
BTC3.24%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned