BTCUSDT 2H-4H-1D Technical Analysis 26/01/2024
2025-01-27
Category: None

Most Relevant Timeframe for Position-Taking 
	•	Short Term (2H/4H): Shows signs of a possible consolidation or minor pullback. Good for quick scalping or very tight stop-loss trades.
	•	Medium/Long Term (12H/1D): Clearly bullish but near potential overbought territory, suggesting caution before entering new multi-day to multi-week positions. These higher timeframes offer the best overall view of the trend and major support/resistance.

 Key Support and Resistance Zones 
	•	Supports
	•	Short Term (2H/4H):
	•	~101.9k–102k (Long-Term MA in 2H/4H)
	•	~100.8k–100.84k (Auto AVWAP low + confluence of MAs)
	•	Medium Term (12H/1D):
	•	~89k (critical support from the video and chart structures)
	•	~77–78k (deeper support if 89k fails)
	•	Resistances
	•	Immediate: 105–106k (multiple AVWAP Highs on lower timeframes)
	•	Upper: 107–108k (AVWAP High on 1D/12H). Above 108k could spark a larger breakout.

 Recommendations and Potential Scenarios 
	1.	Main Scenario (Bullish with Consolidation)
	•	As long as BTC stays above 89–90k, the higher timeframe trend remains intact.
	•	A brief pullback to 100–102k is possible before retesting 105–108k.
	•	If BTC breaks 108k with solid volume, a push toward 110–115k is feasible.
	2.	Alternative (Bearish Break)
	•	A break below 89k would likely trigger a deeper correction to ~77–79k, aligning with the “regular flat” scenario.
	3.	Concrete Trading Strategies
	•	Short-Term Traders: Consider tight-stop long entries near 104–105k, with stops around 101–102k.
	•	Medium/Long-Term Traders: Wait for either (a) a deeper pullback toward 89–90k that holds, or (b) a confirmed breakout above 108k on strong volume.

 Final Note 

While the overall market structure leans bullish, multiple indicators (HPI > 90 on 12H, near-extreme ISPD readings on 1D) warn of “overheating.” A short-term correction or consolidation could occur before any new major rally. Keep an eye on 89k as a key pivot. If this level remains intact, the broader uptrend should continue.

End of Synthesis.