BTC is currently experiencing a series of bullish lines at the 4-hour level, with a rise having failed to stabilize, resulting in a top divergence pattern. It is currently consolidating around the high of 93400, facing significant pressure above. The risk of chasing the price at this high level is considerable, as BTC has not been able to break upward after a strong pump with consecutive bullish lines. Currently, BTC is oscillating in a high range, with both bulls and bears caught in a range-bound situation. In the future, it is essential to continuously focus on the key resistance level of 950.
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BTC is currently experiencing a series of bullish lines at the 4-hour level, with a rise having failed to stabilize, resulting in a top divergence pattern. It is currently consolidating around the high of 93400, facing significant pressure above. The risk of chasing the price at this high level is considerable, as BTC has not been able to break upward after a strong pump with consecutive bullish lines. Currently, BTC is oscillating in a high range, with both bulls and bears caught in a range-bound situation. In the future, it is essential to continuously focus on the key resistance level of 950.
BTC around 94000🈳, looking down at 92000