BITCOIN BTCUSDT for OKX:BTCUSDT by Shavyfxhub
BTCUSDT 4H Chart Analysis – Shavyfxhub Strategy Current Price: ≈ 63,144 Market Structure Price recently found support near the 62,500 – 62,600 zone and is attempting a bounce. Horizontal resistance is visible around 65,200 – 65,400. 65,200 – 65,400 zone (major horizontal resistance) Upper descending channel resistance Intermediate resistance near 64,000 – 64,400 Demand Floor / Support: 62,500 – 62,600 (current demand zone) Rising short-term green support Lower channel demand near 60,000 – …
BTCUSDT 4H Chart Analysis – Shavyfxhub StrategyCurrent Price: ≈ 63,144Market StructurePrice recently found support near the 62,500 – 62,600 zone and is attempting a bounce. Horizontal resistance is visible around 65,200 – 65,400. 65,200 – 65,400 zone (major horizontal resistance)Upper descending channel resistanceIntermediate resistance near 64,000 – 64,400Demand Floor / Support:62,500 – 62,600 (current demand zone)Rising short-term green supportLower channel demand near 60,000 – 59,000 and belowCurrent BiasNeutral to mildly bullish short-term, but still inside the larger descending channel. Price is holding above the recent demand zone and showing early signs of a bounce. However, the bigger structure remains corrective until the upper channel resistance is broken. ScenariosBullish scenario:Hold above 62,500–62,600Break and close above 64,400 – 65,200Opens the path toward the upper channel resistance and higherBearish scenario:Failure to hold 62,500Break below the rising short-term supportTargets the lower channel demand around 60,000 – 59,000Bitcoin is at a key short-term decision point. Holding the current demand keeps recovery potential alive, while a break below it would re-align with the broader descending channel biasDisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.