BTCUSD Futures ( BTCUSD ), H4 Potential for Bullish Rise
Title: BTCUSD Futures ( BTCUSDT ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 228990.4
Pivot: 25299.4
Support: 23854.8
Preferred case: Looking at the H4 chart, my overall bias for BTCUSDT 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 25299.4 and continue heading down towards the overlap resistance at 28990.4
Alternative scenario: Price may head back down to retest the support line at 23854.8 which is the overlap support and 38.2% Fibonacci line.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 228990.4
Pivot: 25299.4
Support: 23854.8
Preferred case: Looking at the H4 chart, my overall bias for BTCUSDT 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 25299.4 and continue heading down towards the overlap resistance at 28990.4
Alternative scenario: Price may head back down to retest the support line at 23854.8 which is the overlap support and 38.2% Fibonacci line.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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