💎 Market Analysis

April 19, 2024

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⚪️TECHNICAL (4H)

BTC has once again reclaimed the horizontal support level following a brief fake out. The next crucial milestone is for it to break out of the mid zone, signaling a potential move towards the resistance at its all-time high. Conversely, a breakdown and subsequent retest of the horizontal support would indicate the possibility of another downward trend.

⚪️WRAP-UP (VIP)

BTC reclaimed horizontal support after a fake out. Next target: break mid zone for move to all-time high resistance. Breakdown retesting support signals potential further decline.

$BTC DAILY RANGE:

📈Upper Limit: 65500

📉Lower Limit: 59600

(+-11% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🔵LONG

💲61000

🔴SHORT

💲70000

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#Megadrop #bitcoinhalving #Token2049 #BullorBear #Memecoins $BTC