BTC/USDT 4HOUR UPDATE !!
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BITCOIN UPDATE: - BITCOIN 4-hour chart, The price has broken above both the bearish trendline and the $20,500 level after rebounding from the 18K area.
Currently, the cryptocurrency is testing the 22K resistance level, and a bullish breakout from this level would pave the way toward 24K. However, the trend seems over-extended. This suggests a bearish pullback toward the $20,500 level – which has now turned into support.
Additionally, the RSI indicator, which had been signaling a massive bullish divergence before the reversal, is now demonstrating a clear overbought signal with values above 70%. This further boosts the probability of a short-term pullback.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: - BITCOIN 4-hour chart, The price has broken above both the bearish trendline and the $20,500 level after rebounding from the 18K area.
Currently, the cryptocurrency is testing the 22K resistance level, and a bullish breakout from this level would pave the way toward 24K. However, the trend seems over-extended. This suggests a bearish pullback toward the $20,500 level – which has now turned into support.
Additionally, the RSI indicator, which had been signaling a massive bullish divergence before the reversal, is now demonstrating a clear overbought signal with values above 70%. This further boosts the probability of a short-term pullback.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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