Overall Analysis of BTC/USDT Chart, 4-Hour Timeframe:

2 Mar

Resistance and Support Zones:

A key resistance level is observed around 85,800 - 86,000, which the price is currently testing.
Strong support is identified in the 73,700 - 74,000 zone, which has previously triggered a price reversal.
Indicators:

Ichimoku: The price remains below the Kumo cloud, indicating a mid-term bearish trend. However, the Tenkan-sen and Kijun-sen are showing signs of a bullish crossover, which is an initial positive signal.
RSI Histogram (HARSI): It is exiting the oversold region and entering a bullish zone, though it has not yet reached the overbought area.
MFI or Momentum: It indicates increasing buyer strength in this range.
Possible Scenarios:

If the price stabilizes above 86,000, it could potentially move toward 88,000 or even 90,000.
If it fails to break this resistance, a correction down to 80,000 or even 78,000 is possible.
Conclusion:
The market is currently at a critical decision-making zone. A confirmed breakout above the 85,800 - 86,000 resistance could strengthen the bullish trend. However, if selling pressure increases in this area, it could lead to a price correction. It’s recommended to wait for confirmation of a breakout above this level or consider entering at lower support levels in case of a correction. 🚀📊

2 Mar

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Daily BTC/USDT Chart Analysis

1. Overall Trend Status

After a strong upward move, the price has entered a correction phase and is currently below the 90,000 - 92,000 resistance zone.
The breakdown of the previous support level followed by a pullback to it suggests confirmation of a corrective trend.
The price is below the Kumo cloud, indicating weakness in the bullish trend.
2. Potential Wave Count and Correction

Based on the chart structure, Bitcoin is likely in a corrective wave.
The current correction could be a Wave 4 within an upward impulse structure. However, if key supports are lost, it may evolve into a more complex correction (e.g., zigzag or flat).
The key support level is currently in the 73,700 - 74,000 range. If this level is breached, the next supports are at 66,000 - 68,000, followed by 59,000 - 60,000.
3. Indicators and Momentum

RSI and HARSI: They are in the oversold region and showing signs of a reversal, which could indicate a temporary bullish correction.
Ichimoku Cloud: The price is below the Kumo cloud, suggesting a continued mid-term bearish trend.
MFI (Buy/Sell Pressure): Sellers currently hold more strength, but a divergence is forming.
4. Potential Scenarios

Bullish Scenario:
If the price stabilizes above 86,000 - 88,000, a renewed push toward 92,000 - 96,000 becomes likely.
However, for confirmation of a sustained uptrend, breaking the 92,000 - 94,000 resistance is crucial.
Bearish Scenario:
If the price fails to reclaim 86,000 - 88,000, the correction will likely continue, with potential drops to 74,000 or even 68,000.
5. Conclusion

The market is currently in a corrective phase, and as long as it remains below 90,000, further downside is possible.
If buying pressure increases and the price stabilizes above 86,000, a temporary bullish wave could be expected.
However, if the 74,000 and 68,000 support levels are lost, the correction could deepen significantly.
📌 Recommendation: Wait for price stabilization and confirmation of breakouts at key levels, particularly in the resistance zones of 86,000 - 88,000 and 92,000 - 94,000. 🚀📉