2024/07/12 $BTC Four-hour chart

Bitcoin also formed a double bottom, but it is weaker than Ethereum.

Currently consolidating below 0.618 in this rising period, the lower support area is 0.382 area, which is around 55875 US dollars.

The upper pressure level is also the 1:1 target level of this double bottom, which is around 63358 US dollars.

The best support range below is still the 50,000 US dollar mark.

It is recommended to enter the long position near 55870 US dollars on the four-hour chart