BTC/USD on the H4 timeframe is currently traded around 89125.32, showing a volatile price movement. After a strong bullish rally, the price faced resistance at 92702.36, leading to a pullback. The price is now testing the 89125.32 level, which could act as a short-term support or potential pivot point for the next move.
The price is fluctuating around the 20-period moving average, while the Bollinger Bands indicate increasing volatility. A recent attempt to break above 92702.36 was rejected, leading to a correction. The MACD remains positive, but histogram bars show a slight decline, suggesting waning bullish momentum. If BTC/USD fails to hold 89125.32, further downside toward 86000-85,000 is possible. Conversely, a bounce from this level could signal another retest of resistance.
BTC/USD remains in a consolidation phase after a sharp bullish move. Traders should watch for confirmation of either a breakout above 92702.36 for further gains or a break below 89125.32 for a potential retracement.
Market Observation & Strategy Advice:
1. Key support: 89125.32 – A break below may trigger further downside toward 86000.
2. Key resistance: 92702.36 – A breakout above this level could push BTC toward 95000+.
3. MACD indicates fading bullish momentum, suggesting possible short-term consolidation.
4. Trading strategy:
5. Volatility is high, so traders should watch price action closely before confirming entries.
Market Performance:
Crypto Last Price % Change
ETHUSD 2,125.38 −5.21%
LTCUSD 98.98 −4.56%
Today’s Key Economic Calendar:
CN: Balance of Trade, Exports – Imports YoY
US: Non Farm Payrolls
CA: Unemployment Rate
Risk Disclaimer: This report is for informational purposes only and does not constitute financial advice. All investments involve risk and past performance is no guarantee of future results. Please consult your financial advisor for personalized investment advice.
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