"Jack's Trading Classroom" BTCUSD Short Review Update
Currently, we are looking at the 4-hour chart of BTCUSD. Bitcoin's 4-hour chart is still overall bullish (breaking through the resistance trend line of a large downward trend, with bullish moving averages).
Table of Contents
Attention should be paid to the support at the previous low of 56510.0 below, where the previous low support overlaps with the four-hour chart EMA144 169 moving average support channel.
Bitcoin Short-Term Support and Resistance Update
Short-term support and resistance levels can be referenced by the black horizontal lines in the chart
In recent days, the cryptocurrency market has experienced significant fluctuations. It is recommended that traders strictly adhere to risk management practices and avoid high leverage and high contract volume trading to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, readers should exercise caution and virtual currency trading may pose risks to your capital.
WeChat Official Account: Jack's Trading Classroom
Official Telegram Channel: https://t.me/JackCryptoRoom
Related
- Binance September Analysis: wBTC trading continues to hit new highs, ETH deflation narrative challenged
- Unveiling $degod: Solana Ecosystem NFT Mega Integration, Family Chain Reaction - Will it Burn or Ignite?
- Financial Times reveals Telegram's financial report: the encryption giant disguised as a communication platform relies on TON support to cover operational losses