Bitcoin Market Analysis
April 14, 2024
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⚪️TECHNICAL (4H)
After the symmetrical triangle breakdown, Bitcoin experienced a decline, but it's currently maintaining its position above the horizontal support level and below the horizontal resistance. This sets the stage for a potential consolidation within this range, with the market likely to trade sideways until a breakout or breakdown occurs.
⚪️WRAP-UP (VIP)
BTC fell post-symmetrical triangle breakdown, now hovering above horizontal support, below resistance. Expect consolidation until range breakout or breakdown.
$BTC DAILY RANGE:
📈Upper Limit: 68000
📉Lower Limit: 60600
(+-12% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲59000
🔴SHORT
💲69000
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