BTC/USDT 4H Long Analysis: Key Levels and Market Outlook

7月14日

Ellipse has entered a long position at 59.2K, reflecting confidence in the bullish signals present despite some concerns.

4-Hour Chart Analysis:

Bullish Signals:

• Price breakout above the Ichimoku cloud
  
• Lagging Span (Chikou) has broken out of the cloud
  
• Lagging Line (Chikou) is clear of both price and cloud
  
• Pivot reversal (24/12)
  
• Tenkan-Sen (TK) is above Kijun-Sen (KJ)
  
• Future Senkou Span B points upwards
  

These bullish signals indicate a potential upward momentum in the short term.

Concerns on the 4-Hour Chart:

• Low volume in the market
  
• Price remains below the 200 EMA
  
• 100 EMA is below the 200 EMA
  

While we have several bullish signals, the low volume and position of the EMAs suggest caution.

Zooming Out to the Daily Chart:


Bullish Signals:

• Price is above both Tenkan-Sen (TK) and Kijun-Sen (KJ)
  
• Price is above the 200 EMA on the daily chart
  
• Found support on the 200 EMA daily and monthly pivot (S1)
  

These signals suggest a stronger bullish trend when viewed on a longer timeframe.

Bearish Signals on the Daily Chart:

• Tenkan-Sen (TK) is below Kijun-Sen (KJ)
  
• Price is still under the daily Ichimoku cloud
  
• Future cloud (Senkou Span) is bearish
  

Despite the bullish signals, the bearish cloud configuration and the position of the Tenkan-Sen and Kijun-Sen warrant caution.

Key Resistance Levels:

• 200 EMA on the 4-hour chart at 61.2K
  
• Yearly pivot R2 at 62.7K
  
• Lower boundary of the daily cloud at 64.3K
  

These resistance points are crucial levels to watch for potential price rejections.

BTC/USDT shows mixed signals across different timeframes. On the 4-hour chart, several bullish indicators suggest potential upward movement, but the low volume and the EMA configuration urge caution. The daily chart shows a more pronounced bullish trend above the 200 EMA, yet the bearish cloud and Tenkan-Sen/Kijun-Sen arrangement could limit gains. Key resistance levels should be monitored closely for any breakout confirmation or potential reversals.

Trade safe and always consider multiple factors in your analysis!

7月25日

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