Where is Bitcoin headed? Key zones on the 4-hour chart ($BTC )
Hey everyone! I'm analyzing the market today and want to share what I'm seeing on the Bitcoin chart in the 4-hour timeframe (4H).
As traders, we should always look for support zones (where the price tends to bounce up) and resistance zones (where the price usually hits a wall and falls) to avoid trading blind.
Key points Iโm watching today:
Important Support: The price has found a very clear and recent floor around $60,755. As long as the buyers defend this zone, the short-term structure stays intact.
Resistance to Overcome: On the upside, the price is trying to break through the current consolidation zone around $64,556. However, the main technical resistance in the mid-term is observed higher up, near the $68,312 level.
My strategy for the next few days is to do some Swing Trading: patiently waiting for the price to visit these key zones before taking a position in my demo account, always managing risk and keeping an eye on the moving averages.
How do you see the market today? Do you think weโll break upwards with strength or will we look for lower supports? Iโm reading your comments! ๐
#bitcoin #TradingParaPrincipiantes #cryptotrading $BTC
Hey everyone! I'm analyzing the market today and want to share what I'm seeing on the Bitcoin chart in the 4-hour timeframe (4H).
As traders, we should always look for support zones (where the price tends to bounce up) and resistance zones (where the price usually hits a wall and falls) to avoid trading blind.
Key points Iโm watching today:
Important Support: The price has found a very clear and recent floor around $60,755. As long as the buyers defend this zone, the short-term structure stays intact.
Resistance to Overcome: On the upside, the price is trying to break through the current consolidation zone around $64,556. However, the main technical resistance in the mid-term is observed higher up, near the $68,312 level.
My strategy for the next few days is to do some Swing Trading: patiently waiting for the price to visit these key zones before taking a position in my demo account, always managing risk and keeping an eye on the moving averages.
How do you see the market today? Do you think weโll break upwards with strength or will we look for lower supports? Iโm reading your comments! ๐
#bitcoin #TradingParaPrincipiantes #cryptotrading $BTC