BTC/USDT 4h simple analysis in 29th/Apr

Hi, crypto traders.

BTC is still in a sideways market now.

Once the price broke 56,000USD, but after that, it went down and now it’s stable.

Today, we can wait and see the following things.

- the candle keeps over 20h (red) line or not
- 20h (red) line and 80h (blue) will cross or not

If the candle changes to positive and keeps over 20h (red) line, the trend is Up Trend.

My prediction is as follows.

If BTC goes up:
1st target is 57,500USD
2nd target is 65,000USD

If BTC goes down:
1st target is 53,300USD (Cross point with 240h line)
2nd target is 47,500USD
3rd target is 46,300USD

Enjoy your trading.


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