#BinanceMegadropSolv
Bitcoin 4 hour Analysis for new comers (07 January 2025, 01:14 AM pak time)
1. Immediate Resistance: 104,000 USDT
2. Immediate Support: 98,000 USDT
3. RSI: Abhi RSI 80 ke upar hai, jo overbought zone show karta hai. Yeh indicate karta hai ke market thoda retrace kar sakta hai.
4. MACD: MACD bullish crossover dikhara hai, jo price upar jaane ki confirmation deta hai. Lekin histogram bars me momentum thoda slow ho raha hai, toh retracement expected hai.
5. Volume: Volume spike hua hai recent candle me, jo buying pressure ko confirm karta hai. Agar next candles me volume low hua, toh correction aa sakta hai.
Fundamental News:
1. Bitcoin ETF approval news se BTC me bullish momentum aaya hai.
2. Global markets me risk-on sentiment zyada hai, jo crypto ko favor karta hai.
3. Halving cycle ka bhi effect aa raha hai, investors long-term bullish hain.
Conclusion:
BTC short-term me thoda retrace kar sakta hai (support tak), lekin long-term trend bullish lag raha hai. Dip pe buy karna better strategy hogi.