

The Bitcoin /TetherUS 4-hour chart showcases significant bearish momentum with potential key support and resistance levels identified.
Recent candlestick patterns and MACD analysis indicate a continuation of the bearish trend.
Volume analysis supports this trend with notable spikes during sell-offs.
The chart shows a series of small-bodied candlesticks followed by a larger red candlestick, indicating bearish momentum.
A small green candlestick attempted a recovery but was quickly followed by another red one, emphasizing bearish control.
The overall trend remains bearish with some sideways movement in the consolidation phase.
The MACD line is below the Signal line, highlighting ongoing bearish momentum.
A recent bearish crossover has occurred as the MACD line crossed below the Signal line.
The histogram is expanding in negative territory, suggesting increasing bearish momentum.
There was a noticeable increase in volume during the recent sell-off.
Volume spikes corresponded with price drops, reinforcing the bearish sentiment.
Higher volume on downtrends indicates strong selling pressure, possibly from institutional involvement.
Strong support is identified around the 86,000 level where previous consolidation occurred.
Resistance is noted at approximately 90,000 due to rejections in upward price movements.
Recent support appears around the 88,000 level, suggesting a key area of consolidation.
If price breaks below 86,000 with volume confirmation, it could trigger additional selling opportunities.
Traders should watch for candlestick reversal patterns or a bullish crossover in the MACD as potential buy signals.
A sudden breakout above 90,000 could negate the current bearish outlook, indicating potential risks.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.