Fahad645
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**Bitcoin (BTC) 4H Analysis**
$BTC is pulling back from recent highs, now around $63,978. Since we have the monthly close today, it's best not to jump into long trades aggressively right now. I'll be taking things slow.
- **Current Price:** $63,978
- **Key Levels:**
- **Support 1:** $63,726 (price is holding around this level for now)
- **Support 2:** $60,115 (if the price drops, this is a strong area to watch for a bounce)
- **Resistance:** $65,305 (next target if the price pushes up again)
From the charts:
1. Bitcoin has dropped into a red zone around $63,900 after being rejected at a higher level.
2. There are two main areas I'm watching for potential long trades: one around $62,400 and a stronger one at $60,115.
**Strategy:** I don’t think it’s a good idea to take long positions too aggressively today, especially with the monthly close. It's better to wait and see how the price reacts around these levels. I’ve set alerts for the two areas I'm watching, and will look for opportunities to long some altcoins if we see a bounce.
Let’s wait for clearer signs before making any big moves!
$BTC is pulling back from recent highs, now around $63,978. Since we have the monthly close today, it's best not to jump into long trades aggressively right now. I'll be taking things slow.
- **Current Price:** $63,978
- **Key Levels:**
- **Support 1:** $63,726 (price is holding around this level for now)
- **Support 2:** $60,115 (if the price drops, this is a strong area to watch for a bounce)
- **Resistance:** $65,305 (next target if the price pushes up again)
From the charts:
1. Bitcoin has dropped into a red zone around $63,900 after being rejected at a higher level.
2. There are two main areas I'm watching for potential long trades: one around $62,400 and a stronger one at $60,115.
**Strategy:** I don’t think it’s a good idea to take long positions too aggressively today, especially with the monthly close. It's better to wait and see how the price reacts around these levels. I’ve set alerts for the two areas I'm watching, and will look for opportunities to long some altcoins if we see a bounce.
Let’s wait for clearer signs before making any big moves!
**📈 BTC/USDT 1H Update 📉**
Scenario 1 played out perfectly as anticipated, with Bitcoin tapping into the key liquidity zone around $62,400 and rebounding as expected. The price is now testing the upward trendline, holding strong near this level. With support at $62,400 and resistance around $64,800, we could see a further push upwards if the trendline holds, but a break below might lead to a drop towards the support.
Scenario 1 played out perfectly as anticipated, with Bitcoin tapping into the key liquidity zone around $62,400 and rebounding as expected. The price is now testing the upward trendline, holding strong near this level. With support at $62,400 and resistance around $64,800, we could see a further push upwards if the trendline holds, but a break below might lead to a drop towards the support.
*BTC 1H Update*
Bitcoin is currently around $62,655. Here's what to watch for next:
S1 (Scenario 1):
This zone is first support level to watch. If Bitcoin drops to this area, we'll be looking for a bounce. If it holds, we could see the price move back up.
S2 (Scenario 2):
If Bitcoin doesn’t hold at the S1 and keeps dropping, the next important level is 61k-61.5k to watch. This is a lower support level.
#btcupadte #bullrun2024📈📈
Bitcoin is currently around $62,655. Here's what to watch for next:
S1 (Scenario 1):
This zone is first support level to watch. If Bitcoin drops to this area, we'll be looking for a bounce. If it holds, we could see the price move back up.
S2 (Scenario 2):
If Bitcoin doesn’t hold at the S1 and keeps dropping, the next important level is 61k-61.5k to watch. This is a lower support level.
#btcupadte #bullrun2024📈📈
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And Claim UpTo 0.6 BNB 🤑
Code is here: BP2IZM143J
#claimRedPacket #BinanceLaunchpool #altcoins #BNB_Free
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