BTC/USDT ā 4H Technical Analysis
Current Price: ~$90,150
Trend: Neutral-to-Bearish (Short Term)
š Market Structure
BTC recently rejected from the 94,150 resistance, creating a lower high followed by a steady pullback toward the 90,000 zone. Price is currently consolidating just below the MA(7) and MA(25), showing weakening bullish momentum.
š Moving Averages
MA(7) crossing below MA(25) ā short-term bearish pressure
MA(25) is flattening ā market indecision
MA(99) at around 89,700 is acting as strong dynamic support
If BTC stays above 89,700, a bounce is likely
Breakdown below 89,700 = stronger downside move
š Key Support Levels
89,700 ā MA(99) support
87,850 ā next 4H support
85,570 ā deeper correction zone
š Key Resistance Levels
91,500 ā 92,400 ā short-term resistance
94,150 ā major 4H resistance and previous swing high
Break above 94,150 = bullish continuation
š Volume Analysis
Volume is decreasing, suggesting:
No strong buyer momentum
Possible continuation of sideways movement until a breakout occurs
ā³ Trading Outlook
Neutral / Range-Bound for now
A clear move will come from either:
Break above 92,400 ā bullish momentum returns
Break below 89,700 ā bearish continuation
š„ Possible Trade Setup
If BTC holds above 89,700
Long Entry: 89,700ā90,200
TP1: 91,500
TP2: 92,400
TP3: 94,000
SL: 88,800
If BTC breaks below 89,700
Short Entry: 89,500ā89,700
TP1: 87,850
TP2: 86,000
SL: 90,500
