Hello dear traders.

⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr.

📈 What to Expect Next?

💡The price of Bitcoin is in a vital situation. As long as the price is above the BB midline, the bullish scenario is quite valid.

The bullish scenario targets are on the price chart.

🔑Key Insights:

The level of $72,784 is the optimal level for risk-freeing long positions.

The risk of this position is lower in the upward direction due to the price trend. But in the case of falling prices, a possible scenario is drawn in the chart.

📉On the other hand, if the price fails to receive the necessary support at the mentioned level, the bearish scenario will be activated around the target of $69,400.

A price stabilization below the middle line of the Bollinger Band can push the price down to pullback to the pitchfork.

◀️Reverse scenario:

🔴Major and hidden divergences are also plotted in the chart. The $67000 level is Bitcoin's support in a bearish scenario.

🔴The main divergence is related to the OBV indicator, which reinforces the bearish scenario.

On the other hand, the hidden divergence is related to the RSI indicator, which reinforces the bullish scenario.

🔴The failure of specified support level will bring Bitcoin down to around $65,100.

✅Entering a bearish or bullish scenario with the help of price behavior above or below the 4-hour Bollinger midline can be the most optimal strategy in the current market conditions.