$BTC /USDT

Analyzing the attached 4-hour candlestick chart, we observe key points regarding the price action and resistance levels. Currently, the price is hovering around 64,439.99. The chart features three moving averages (MAs): the 7-period MA at 64,345.26, the 25-period MA at 64,707.65, and the 99-period MA at 66,976.43.

The immediate resistance is noted around the 25-period MA at 64,707.65, which is slightly above the current price. A successful breach of this level could signal a potential upward momentum. Further resistance lies at the 99-period MA, which is significantly higher, indicating a robust resistance zone around 66,976.43.

From a support perspective, the recent low at 63,379.35 serves as a critical level. If the price breaks below this, it could signify a bearish trend continuation.

The volume analysis shows a mix of buying and selling pressures, with the recent reduction in volume indicating a potential pause in market momentum. Additionally, the volatility, as depicted by the candlestick wicks, suggests a highly reactive market to news and events.

In summary, closely monitoring these resistance and support levels will provide better insights into future price movements. A break above the immediate resistance at 64,707.65 could lead to higher targets, while a dip below the support at 63,379.35 might trigger further declines.#BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken