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Technical Analysis
BTCUSD (Bitcoin / U.S. Dollar) BULLISH
Timeframe: 4h • Current Price: 107,723

Market Overview
107,723
Overall uptrend within a channel, currently consolidating near resistance.

Chart Pattern: Ascending Channel


Risk Level: Medium - Potential pullback to channel support before continuing upward trend. Risk increases if channel support breaks.



Price Target: 115,907 (upper channel resistance)


Trading Strategy
Consider a long position with a stop-loss near the channel support level (around 106,843). Take profit near the upper channel resistance (around 115,907). Monitor the KS_ULTRA_MACD for confirmation of bullish momentum.



Additional Insights: The price is currently near the upper trendline of the ascending channel, suggesting a potential pullback or breakout attempt. The moving averages seem to be providing support. The KS_ULTRA_MACD indicator is indicating a positive value so that means that there is a higher chance of it increasing in the short term.

Market Overview
101,878
Downtrend (Broke below an upward trendline, moving averages suggest a bearish trend)

Potential breakdown of an ascending trendline.
Chart Pattern


Medium to High - Downtrend confirmed by trendline break and possible moving average cross, but susceptible to corrections.
Risk Level


Potential target around 98,000 if downtrend continues
Price Target

Resistance: 104,619
Support: 100,000


Trading Strategy
Consider a short position or wait for a clearer confirmation of the downtrend. Manage risk by setting stop-loss above the resistance level. Wait for a potential pullback to enter a short position.



Additional Insights: The price broke below the ascending trendline. A red box is shown which is indicative of short position taken on the trade

BTCUSD (Bitcoin / U.S. Dollar)
BEARISH
Timeframe: 4h • Current Price: 105,024


Market Overview
105,024
↓
The price is currently trading near a potential resistance level. The moving averages suggest a possible downtrend or consolidation as the 50 MA is below the 100 MA.

Chart Pattern:
Possible consolidation or slight downtrend continuation.


Risk Level:
Medium, as the price is near resistance and indicators show mixed signals.


Price Target:
If resistance is broken, 107000, If support is broken, a lower price level can be expected.


Trading Strategy:
Consider a short position if price rejects the resistance at 106,000 with a stop loss slightly above. A long position could be considered if the price breaks above 107,000 with confirmation.

Additional Insights: The MACD indicator shows recent activity. The moving average cross suggests bearish pressure but consolidation is still a viable scenario. Watch for a clear break in either direction.

Symmetrical Triangle
Chart Pattern

Breakout target depends on the direction. If it breaks above the upper trendline, the target would be the height of the triangle added to the breakout point. If it breaks below the lower trendline, the target would be the height of the triangle subtracted from the breakout point.

Channel photo updated

If the price bounces off of the 105,130 level and regains bullish momentum, a potential price target could be around 108,820. However, if bearish momentum remains, the price may trend lower.

Market Overview
The price has been trending upwards based on the chart, however the price is consolidating. The MACD also shows bearish momentum with the MACD line crossing below the Signal Line.