2024.4.1 #BTC Market Analysis

Chart situation: (H1 chart)

1) H4 uptrend.

2) Let’s look at the red range first. It has been fluctuating in the premium zone (upper half of the range). Generally, in this case, the probability of an upward breakthrough is greater. Let’s look at the range-H test first. If it breaks through and stands firm, it will be 9W or 10W.

3) Look at the blue range again. After stepping back on H1 OB, it went up with a shock. It is now MSB. Here, it is a matter of time for range-H to break through. It is also a matter of time to stand firm and watch the test of red range-H.

Let’s see if today’s shock will give us the opportunity to step back and buy. The good position is H1 bullish OB, but it is estimated that the probability is not high, and we need to look at the M15 level position.

Trading recommendations:

1) Pay attention to H1 bullish OB to accumulate buying opportunities.

2) Pay attention to the M15 small-level retracement buying opportunity (see the full text of the Discord report).

3) For short positions, it is recommended to buy spot directly.

PS: This article is only my personal opinion and does not serve as investment advice. Please be responsible for your own profits and losses.

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