BTCUSDT 4H | Bitcoin market overview: Local uptrend

Hello, dear subscribers!

In the previous review, we marked the current support and resistance levels in the bitcoin market.
Currently, the bulls got the levels of $51,000 and $53,000 and the bitcoin price is above $53,000. What will happen next? Bitcoin is in the $53,000 - $56,000 range and according to the MACD and RSI indicators we see a confident rising trend. The OBV indicator value is under the resistance level of 2.10M, which indicates that the current growth has a local character and the buyers have not gained enough positions. In our opinion, you need to keep a close eye on the level of 2.10M and depending on your position, buy or sell, you can take profits or open a sell position on the rebound from 2.10M.

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