

The Bitcoin /TetherUS 4-hour chart currently shows a sideways trend with no clear bullish or bearish dominance. The overall market sentiment remains cautious as traders await a more definitive trend direction. Key resistance and support levels are at 89,000 and 87,500, respectively.
The candlestick patterns do not show any strong signals like bullish engulfing or doji.
The chart displays a mix of short-bodied candlesticks suggesting market indecision.
The overall trend appears sideways with no clear bullish or bearish dominance.
The MACD line is positioned above the Signal line, indicating a bullish crossover.
The histogram remains positive yet relatively flat, hinting at slight bullish momentum.
No significant divergence between the MACD and price, showing alignment with recent price actions.
Volume has experienced spikes that align with price increases but lacks consistency.
The moderate volume with recent price movements suggests that bullish moves may lack strong conviction.
Notable volume increase during the last upswing could imply institutional interest.
Major resistance is near the 89,000 level.
Key support is identified around 87,500.
Potential reversal or breakdown below 87,500 should be monitored.
Consider entering long positions if a breakout above 89,000 with strong volume is confirmed.
Monitor for a potential breakdown below 87,500 accompanied by an increase in selling volume.
Maintain current positions until clearer signals emerge from breakouts or breakdowns.



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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.