BITCOIN — 4H Timeframe)
Analysis: Bitcoin/USD
Rejection Zone: $97,500 - $98,000
This zone has shown significant bearish momentum, indicating strong seller activity and rejection from higher levels.
Entry Zone: $93,500 - $94,000
This area presents a potential entry point for sellers as the market continues its downward momentum.
Take-Profit Levels:
1. First Target: $90,000
2. Second Target: $87,500
3. Final Target: $85,000
Strategy:
The price is testing the support zone around $93,000 - $94,000. If this level breaks, we could see a continuation toward the outlined take-profit levels. Traders should monitor price action closely around the support for confirmation.
Disclaimer:
This analysis is for educational purposes only. Conduct your own research and apply proper risk management before entering any trade.
Rejection Zone: $97,500 - $98,000
This zone has shown significant bearish momentum, indicating strong seller activity and rejection from higher levels.
Entry Zone: $93,500 - $94,000
This area presents a potential entry point for sellers as the market continues its downward momentum.
Take-Profit Levels:
1. First Target: $90,000
2. Second Target: $87,500
3. Final Target: $85,000
Strategy:
The price is testing the support zone around $93,000 - $94,000. If this level breaks, we could see a continuation toward the outlined take-profit levels. Traders should monitor price action closely around the support for confirmation.
Disclaimer:
This analysis is for educational purposes only. Conduct your own research and apply proper risk management before entering any trade.
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