#BTC

Looking at Bitcoin on the 4H timeframe.

So far, the bullish market sentiment is maintained. However, I think there is a high probability of a pullback before new highs, with a breakout of the ascending local trendline into one of the two support zones. The first nearest zone for a retest is $91K-92K, where the 200DMA 4H and the ROC line are located.

The second support zone, in case of a weak response from buyers at the first threshold, is the area of uncovered imbalance on the 1D at $81500-85K. However, the current upward trend and overall market sentiment reduce the likelihood of a deeper correction to the second support zone, so we expect a pullback.