#Bitcoin showed signs of buying pressure again yesterday, showing that the Bulls continue to "watch" below. We invite Crypto friends to consult today's Bitcoin analysis to discuss more about the market situation.

** Results of previous trading ideas: The idea of ​​waiting to buy #Bitcoin yesterday around the price range of 50,000 was completely correct, helping to successfully catch the bottom of the decline to this price range and rebound of #Bitcoin during the day.

#BTCUSDT D1 AND H4 FRAME



TODAY'S BITCOIN ANALYSIS D1 Bracket:

  • Despite yesterday's down day, #Bitcoin created a price bar with a long lower shadow and closed near the top, forming a bullish pinbar pattern reflecting buying from below. This is the second consecutive bullish pinbar in D1 #Bitcoin, showing sustained buying every time the price dips around the 50,000 mark. This behavior is good for the Buyers.

  • The cumulative sideways volatility structure is maintained, as #Bitcoin D1 continues its pattern of alternating up/down price bars. The longer the accumulation phase lasts, the more likely the volatility will be afterward.

  • Gradually higher highs and lows confirm that #bitcoin D1 is still in an uptrend, so the D1 #Bitcoin mainstream continues to be waiting to buy.



TODAY'S BITCOIN ANALYSIS H4 FRAME:

  • #Bitcoin H4 yesterday fell to retest the confluence zone #PPZ + round number 50,000 and received rebound support from here.

  • The #Bitcoin H4 chart structure continues to be cumulative as price maintains its movement within the trading range - representing a sideways phase of the market.

  • Today's dominant #Bitcoin H4 is still buying, including buying from the confluence of #PPZ + round number 50,000 below, or from the confluence of #PPZ + upward sloping trendline on the lower side.

  • Still avoid chasing #Bitcoin H4 if there are upside breakouts - breakouts - above to limit hitting the bull trap. There was a slight bull trap before, confirming there are signs of blocking selling force above.



TODAY'S BITCOIN ANALYSIS OVERVIEW:

  • #Bitcoin D1 has its second consecutive bullish pinbar after yesterday, indicating sustained buying from below.

  • Today's #bitcoin H4 trend continues to be waiting to buy from the support confluences below, following the short-term price uptrend.

Thank you for reading today's Bitcoin Analysis article



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