BTCUSDT likely to hit previous 4h support zone

19 Şub 2023

BTCUSDT clearly got rejected from the 4h resistance 2 zone marked on the chart. Currently it is struggling to hold the 4h resistance 1 zone from where it broke out and attempted to break next resistance zone. The price will momentarily bounce here as current zone marked as 4h resistance 1 zone will act as a support.However, a next hit to this zone will let the price flow towards the next 4h support area.

19 Şub 2023

Not

So looks like step L3 (marked on the chart) is in progress. Probability is higher for thus push to be rejected by the 4h resistance zone around 24580.

19 Şub 2023

Not

Forgot to put the updated chart there with step L3.

19 Şub 2023

Not

Well, it seems we are right on the track. The 4h resistance 1 zone did push back the price from there completing step L3 and now we are on the path indicated by S2.

20 Şub 2023

İşlem kapandı: hedefe ulaştı

The price almost hit the 4h support zone and bounce from there. And again hit the 4h resistance 1 zone. Currently price is consolidating under that resistance zone.