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BTCUSD Futures ( BTCUSD0 ), H4 Potential for Bullish Rise
Title: BTCUSD Futures ( BTCUSD0 ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 28972.4
Pivot: 25359.0
Support: 23864.4
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD0 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 25359.0 and continue heading down towards the overlap resistance at 28972.4
Alternative scenario: Price may head back down to retest the support line at 23864.4 which is the overlap support and 38.2% Fibonacci line.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 28972.4
Pivot: 25359.0
Support: 23864.4
Preferred case: Looking at the H4 chart, my overall bias for BTCUSD0 is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to rise from the pivot at 25359.0 and continue heading down towards the overlap resistance at 28972.4
Alternative scenario: Price may head back down to retest the support line at 23864.4 which is the overlap support and 38.2% Fibonacci line.
Fundamentals: There are no major news.
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