@valerii1602
Bitcoin is currently contracting in the accumulation zone. What do the indicators show?
Important signals are visible on the 4H BTC chart:
šø The price is below all key moving averages (MA20 / MA50 / MA100 / MA200)
This means that the market is still in a local downtrend, and buyers cannot regain control.
šø Horizontal support level ~$94,000
šø Local resistance level ~$97,800ā$98,000
This is the zone where the MA20/50 pass and where the price previously turned down. Until BTC returns above this area, the upward movement will be limited.
šø Accumulation zone formation
Several low-volatility candles show that the market is gathering energy before the move.
What to expect in the near future?
š Falling scenario:
Break 94k ā move to 92ā90k.
This will confirm the continuation of the downtrend.
š Rebound scenario:
Return of the price above 98k ā test of MA100/MA200 and the 100ā101k zone
A breakout of any of these zones will give the direction of the next strong move (hopefully upwards š)
0 reply
0 recast
0 reaction