BTC Next Move & Cate of rate data upcoming analysis
Ali Baloch
T | Alibaloch9192
The BTC/USDT 4-hour chart shows Bitcoin trading around 60,286 USDT with potential market direction hinging on key support and resistance zones. The chart indicates a possible trend reversal (CHoCH), signaling a shift from bearish to bullish, but confirmation is needed.
- Resistance Levels: Immediate resistance lies between 62,000-63,000 USDT, with a major level at 73,800 USDT.
- Support Levels: Key support is around 58,000 USDT, with the next major support near 52,000 USDT if the price drops.
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- Prediction:
- A bullish breakout above 62,000 USDT could trigger a rally toward 73,800 USDT, fueled by FOMO.
- A bearish move below 59,000 USDT might lead to a drop toward the 52,000 USDT support.
The market's next direction depends on price action near the 62,000 USDT resistance zone.
