BTCUSDT Analysis (4H)
2024-12-26
Category: None

BTCUSDT Analysis (4H) 

📉 Expected Direction:
Based on the chart analysis, the price is currently trading below the key resistance levels at 100,281.98 USDT.

💡 Forecast:
The price is expected to continue declining towards the buy zone, located between:
📍 84,169 
📍 83,183

💎 Buy Zone:
This zone represents a good entry point for buyers, where the price is expected to rebound upwards.

💹 Additional Observation:
The price has formed a double top pattern 🟢🟢 (indicated by the two green arrows on the chart). If this pattern is confirmed and activated, it will provide further confirmation of the downtrend. This supports waiting for a better entry at the buy zone mentioned above.

🎯 Primary Target:
The first target after the rebound remains 116,415 USDT.

⚠️ Important Notes:

The double top pattern adds more weight to the bearish scenario, reinforcing the need for patience until the price reaches the buy zone.
If the price breaks below the buy zone, the analysis needs to be re-evaluated.
