BTC 4-hour chart is still in consolidation zone. This week's market has been the most exhausting, with BTC constantly forming door patterns and V-reversals. One moment heaven, the next hell.
Next, if BTC can break through the trend line and not close below the support-resistance switch zone of 89,000, it will move higher. The upward target should pay attention to the resistance zone of 93,000 and 94,000.
If BTC can break through this zone, it means BTC has left the consolidation range of 84,000-94,000.
If there is a failed breakout (a false breakout with a quick pullback before reaching the previous high) in this zone, then BTC will continue to consolidate within this range!$BTC
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BTC 4-hour chart is still in consolidation zone. This week's market has been the most exhausting, with BTC constantly forming door patterns and V-reversals. One moment heaven, the next hell.
Next, if BTC can break through the trend line and not close below the support-resistance switch zone of 89,000, it will move higher. The upward target should pay attention to the resistance zone of 93,000 and 94,000.
If BTC can break through this zone, it means BTC has left the consolidation range of 84,000-94,000.
If there is a failed breakout (a false breakout with a quick pullback before reaching the previous high) in this zone, then BTC will continue to consolidate within this range!$BTC