Bitcoin/USD 4H Analysis

Jan 5

The current technical setup for BTC/USD on the 4-hour chart indicates a potential bearish trend. Price action is heading towards the support zone near $89,645.20, as highlighted by the recent lower highs and lower lows pattern. The stop-loss (SL) point is strategically set at $102,814.36 to manage risk effectively if the price reverses unexpectedly.
The chart displays signs of resistance around $98,395.74; however, indicators suggest bearish momentum persists unless a significant breakout occurs above this level. Fundamental factors such as ongoing regulatory developments and macroeconomic conditions continue to play a crucial role in Bitcoin’s market dynamics.
Traders should monitor key economic announcements that could impact market sentiment and consider maintaining a cautious stance due to possible volatility spikes,

NOTE This analysis is for informational purposes only and does not constitute financial advice,
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Jan 6

Trade active

4 days ago

Trade closed: target reached

Trade was closed at sell target