#BTC/USDT 4 Hours Technical Analysis!

30 May

#Bitcoin Short-Term Analysis

Bitcoin's price action (PA) is expected to be choppy in the near term, providing more consistent opportunities in altcoins. If you're trading with leverage, be prepared to see your positions fluctuate between gains and losses. Just take a look at the current price action.

Key Levels to Watch:

- Bullish Sentiment: Bulls need to hold the $66,888 level to maintain a bullish outlook.
- Support Levels: A break below $66,888 could see Bitcoin drop to the $62,300-$63,300 range.

Market Dynamics:

The more stagnant and boring the price action becomes, the easier it is for market makers (MMs) to manipulate the market.

Trading Strategy:

- Leverage Traders: Stay focused and cautious if you're trying to scalp.
- Spot Traders: Hold your positions and avoid making impulsive decisions.

My thought:

Amidst market turbulence, we stand firm since 16k, aiming for the long run.
Stay focused with me, distractions won't sway us.

I hope this helps.

Cheers!

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Thank you

#PEACE