BTC/USDT – 4H Chart Analysis 📊
Bitcoin is currently trading around $88,267, consolidating after a strong rebound from the $84,450 demand zone. The bounce from the lower Bollinger Band shows buyers stepping in aggressively, confirming this area as a strong short-term support.
Price is now hovering above the Bollinger mid-band (~$87,300), which is a positive sign. Holding above this level keeps the bullish recovery structure intact. The upper Bollinger Band near $89,400 is the immediate resistance, and a clean 4H close above it could open the door for a move toward $90,300–$92,000.
RSI (6) is around 61, indicating healthy bullish momentum without being overbought. However, rejection near the upper band may lead to a short pullback.
Key Levels:
Support: $87,300 → $85,800 → $84,450
Resistance: $89,400 → $90,365
Bias: Bullish above $87,300, cautious near resistance
Invalidation: Breakdown below $85,800
Momentum favors buyers, but breakout confirmation is key.
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