#BTCUSDT โ 4 Hour Time Frame Analysis ๐
From the chart, BTC was previously moving inside an ascending channel and made a strong bullish move toward the $73,800 resistance zone. After touching this level, the price faced strong rejection and started a bearish correction.
๐ Current Market Structure
The ascending channel has broken down.
Price is forming lower highs and lower lows, indicating short-term bearish momentum.
Currently, BTC is trading around the $69,000 โ $70,000 area.
๐ Key Levels to Watch
Resistance:
$70,000 โ $71,000
$73,800 (Major Resistance)
Support:
$65,000
$63,300 โ $63,500 (Strong demand zone)
๐ Possible Scenario
If BTC fails to break above the $70K resistance, the price may continue its correction toward the $63K support zone.
This area could act as a strong demand zone, where buyers may step in and we might see a potential bounce or reversal.
๐ก Trading Idea
๐ฏ Short-term targets: $65,000 โ $63,300
๐ Major support zone: $63K area
Watch for strong price reaction near this level before taking any new position.
โ ๏ธ Risk Management
Use low leverage
Always trade with a proper stop loss
Book profits in parts
I am not a financial advisor. Always do your own research before investing. ๐