The 4-Hour chart shows a massive battle in a very narrow range. Bitcoin is compressed between key supports and resistances.
Structure Analysis:
🛡️ Bullish Defense: The price has managed to stay above the EMA 20 (Yellow Line) at $91,170. This is the level we must not lose to avoid a greater decline.
🚧 The Obstacle: Just above, the VWAP (White Line) at $91,985 is blocking the bounce. Buyers need to push the price above $92k to confirm strength.
⚖️ RSI Neutral: With the indicator at 52.12, there is neither overbought nor oversold. The market is waiting for a catalyst.
The Plan:
It's a game of patience.
Break > $92k: We go straight to the Pink Line (EMA 200) at $93,700.
Loss < $91k: Be careful, as support is weakening.
👇 Will we break the VWAP ceiling ($92k) today or will we lose the yellow support?
#bitcoin #TechnicalAnalysis #tradingrange #CryptoUpdate #BinanceSquare
🇬🇧 English Summary:
BTC is compressed in a technical range. Support is holding at the 20 EMA (Yellow Line) around $91,170. However, resistance is strong at the VWAP (White Line) at $91,985. RSI is neutral at 52. Bulls need to reclaim $92k to target the 200 EMA (Pink Line) at $93.7k. Losing the $91k support would be bearish.
⚠️ Disclaimer: This content is for educational and informational purposes only. It does not constitute financial advice. Do your own research (DYOR).
