#BTCUSDT | 4 HOUR TIMEFRAME UPDATE
Updated
#BTCUSDT | 4 HOUR TIMEFRAME UPDATE
The $65,041.9 - $65,722 range could serve as a key resistance level for #Bitcoin. If you’re holding long positions in Bitcoin or other altcoins, it’s a good time to book profits and either set your stop loss at breakeven or close your positions entirely.
Once Bitcoin reaches this zone, we might see some downward movement. However, opening short positions carries high risk, as the overall trend on the higher time frames remains bullish for #BTC.
The $65,041.9 - $65,722 range could serve as a key resistance level for #Bitcoin. If you’re holding long positions in Bitcoin or other altcoins, it’s a good time to book profits and either set your stop loss at breakeven or close your positions entirely.
Once Bitcoin reaches this zone, we might see some downward movement. However, opening short positions carries high risk, as the overall trend on the higher time frames remains bullish for #BTC.
Note
#BTCUSDT | 4 HOUR TIMEFRAME UPDATE
The price of #Bitcoin has entered the grey area and dropped by more than 4.05% without leverage! ⚡️
So, what’s next for #BTC? 🤔
Answer: Currently, we can expect this downward trend to continue. I anticipate the price will fall below the SSL (Sell Side Liquidity) level at $62,310.
Once the price drops below $62,310 or even lower, I will publish a new analysis for #Bitcoin.
Trade closed: target reached
#BTCUSDT | 4 HOUR TIMEFRAME UPDATE
#Bitcoin has finally dropped below the sell-side liquidity (SSL) at $62,310. ⚡️
If you managed to catch this move, consider closing 90% of your position and setting your stop loss at breakeven. Alternatively, you can choose to close the entire position for profit. 💸
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.