$BTC 🚨🚨🚨 BTC 4-HOUR ⏳ Timeframe 🚨🚨

#Bitcoin❗ Support and Resistance Levels:

‼️‼️ Analyzing the Latest Patterns and Potential Moves ‼️‼️

Current Analysis:

• Support Levels:

• Primary Support: $64,410.9 - BTC has found support at this level with a trend strength of 3.33 and an angle of 12°.

• Resistance Levels:

• Primary Resistance: $66,222.9 - This level is currently acting as strong resistance with a trend strength of 3.18 and an angle of 33°.

• Secondary Resistance: $71,657.8 - A higher resistance level noted with a trend strength of 3.3 and an angle of 2°.

Latest Patterns:

• Downtrend Confirmation:

• The trend indicators for 50, 100, and 150 bars are all showing a downtrend with angles of -24°, -29°, and -11° respectively. The 200-bar trend indicates a sideways movement with an angle of -6°.

• Patterns Identified:

• A Double Top pattern is visible, indicating potential bearish momentum.

• The Black Swan and AB=CD patterns suggest significant price movements and potential reversal zones.

Potential Moves:

• Elliott Wave Theory:

• According to the Elliott wave theory, BTC seems to have completed wave 4. We should wait for BTC to make a move towards the resistance zone of $70,890 - $70,140.

• Price Projection:

• BTC might attempt to reach at least $70,600, driven by the liquidation of cumulative short positions.

Important Note: Always remember the importance of capital management and avoiding greed.

BTC Analysis (BTCUSDT), 4-Hour Timeframe ⏰

Don’t forget to set a stop loss for any positions you plan to open.

This analysis provides a comprehensive view of BTC’s price action on a 4-hour timeframe, highlighting key support and resistance levels, identified patterns, and potential future moves. #Bitcoin❗ #BTC☀ #btcupdates2024 #Alert🔴 $BTC