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

BTCUSDT

Perp

87,673.3

+1.45%