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.
Subscribe to the channel and stay tuned!
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.
Subscribe to the channel and stay tuned!
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