Bitcoin / TetherUS
Updated

BTC New Update (4H)

1 082
This analysis is an update of the analysis you see in the "Related publications" section

As you can see in this analysis, the demand zone from the previous analysis was slightly hunted, but it is still valid and considered a demand zone.

We have reduced the timeframe slightly (4-hour).

Our expectation for price action is to see a slight bounce upward in this zone with some time consolidation.

After consuming the buy orders in this area and spending some time, Bitcoin may even move toward lower zones.

Let’s see what happens.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
The support worked well and rejected the price up to the supply zone ceiling. The support was slightly hunted, but these are just market maker games.
snapshot
Trade closed: target reached
It bounced back from the red zone towards the green zone and dropped more than 7%.

We will update the Bitcoin analysis soon.

snapshot

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