BTC/USDT 4H Market Update 🚀
Bitcoin is currently trading around $68,043 on the 4H timeframe. Price is moving below MA(25) and MA(99), showing short-term bearish pressure, while MA(7) is acting as immediate dynamic resistance. The rejection near the $70,900 zone confirms strong resistance overhead.
If BTC holds above the $67,000–$67,200 support zone, we may see a relief bounce toward the next resistance. However, failure to hold support could trigger another drop toward lower demand levels.
Volume remains moderate, so a breakout with strong buying pressure is needed for bullish continuation. Traders should wait for confirmation before entering large positions.
Trade Setup Idea:
🔹 Entry Zone: $67,800 – $68,200
🎯 TP1: $69,200
🎯 TP2: $70,000
🛑 SL: $66,800
Alternative scenario: If price breaks below $66,800 with strong volume, downside could extend toward $65,500.
Always manage risk properly and avoid over-leveraging in volatile conditions. Trade smart!