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BTCUSD long move
In the four-hour chart of BTCUSD, the market is currently exhibiting a bullish momentum or uptrend. However, it is expected that the price will encounter the first resistance and then continue the recent upward move.
Key levels:
The first resistance level in the market is at 42984.62, where there is a likelihood of sellers entering around this price level. The second resistance level is at 45783.22, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for BTCUSD is at 40150.34, which can potentially limit downward movements. The second support level is positioned at 38316.48.
Key levels:
The first resistance level in the market is at 42984.62, where there is a likelihood of sellers entering around this price level. The second resistance level is at 45783.22, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for BTCUSD is at 40150.34, which can potentially limit downward movements. The second support level is positioned at 38316.48.
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