Not giving me a chance again? Can't I just touch the range of 880-885? It's not appropriate to drop directly like this, right? $BTC
BTCUSDT
Perp
88,333.3
-0.11%
Bitcoin Outlook: Reference 4H
Yesterday mentioned that if Bitcoin continues to be obstructed by the POC + previous high resistance level and dips again, it is highly likely that it will break the trend line, thus changing this bullish structure to a bearish structure.
Currently, the price has continuously spiked without further decline, and on the 4H, there is already a divergence. However, the current position is not very ideal; it is not the position I would like to enter a long position.
For going long, I would consider the support level around 835-840.
For going short, I would consider the resistance level range around 880-885.
Additionally, with non-farm payroll data coming out tonight, let's observe first; we will act based on the signals given from there $BTC
{future}(BTCUSDT)
Yesterday mentioned that if Bitcoin continues to be obstructed by the POC + previous high resistance level and dips again, it is highly likely that it will break the trend line, thus changing this bullish structure to a bearish structure.
Currently, the price has continuously spiked without further decline, and on the 4H, there is already a divergence. However, the current position is not very ideal; it is not the position I would like to enter a long position.
For going long, I would consider the support level around 835-840.
For going short, I would consider the resistance level range around 880-885.
Additionally, with non-farm payroll data coming out tonight, let's observe first; we will act based on the signals given from there $BTC
{future}(BTCUSDT)
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