Bitcoin 4-Hour Technical Analysis: Price Trends, Key Levels, and Trading Strategies

🔎 Current Bitcoin (BTCUSDT) Technical Analysis

1️⃣ Current Price and Key Support/Resistance Levels

Current Price: $96,322 USDT
Key Resistance Levels:
- $96,900–$97,400 USDT (50MA & Bollinger Band midline)
- $98,500–$100,000 USDT (200MA & strong resistance zone)
Key Support Levels:
- $95,000 USDT (recent low, psychological support)
- $93,000–$94,000 USDT (strong buying area)

2️⃣ Moving Averages & Bollinger Bands

Short-term Moving Averages (7MA, 20MA):
- The price is attempting to break above both 7MA and 20MA, signaling a short-term rebound.
Long-term Moving Averages (50MA, 200MA):
- 50MA (97,400) and 200MA (100,000) serve as major resistance points.
- A break above 50MA could confirm an uptrend continuation.
Bollinger Bands:
- The price rebounded from the lower band and is testing the midline (96,900 USDT).
- A successful breakout could push the price towards the upper band (98,500 USDT).

3️⃣ Technical Indicators

✅ Stochastic RSI: Strong bullish signal

Currently at 84.76, approaching overbought territory.
Further upside is possible, but a correction may occur above 90.

✅ MACD: Weakening downtrend, potential bullish crossover

MACD Line (-293.36) is converging with the Signal Line (-358.36).
Histogram is shrinking, indicating a possible bullish reversal.

✅ RSI: Strengthening momentum

Currently at 53.30, moving above the 50-level, which supports further gains.
A move above 60 would confirm a stronger bullish trend.

4️⃣ Market Trends & Altcoin Correlation

💹 XRPUSDT Analysis:

XRP is following BTC’s rebound.
If BTC breaks above 97,400 USDT, XRP is likely to extend its rally.

💹 ETHUSDT Analysis:

Ethereum is also recovering, testing resistance near $2,900.
If Bitcoin continues higher, ETH could break $3,000.

5️⃣ 4-Hour Price Trend Prediction

📈 Bullish Scenario (Probability: 65%)

If 96,900 USDT resistance breaks, BTC could rise toward 98,500–100,000 USDT.
Stochastic RSI and MACD suggest a bullish continuation.
Breaking above the Bollinger Band midline could attract more buyers.

📉 Bearish Scenario (Probability: 35%)

If 96,000 USDT fails to hold, BTC may retrace to 95,000 USDT.
A further breakdown below 95,000 USDT could lead to 93,000 USDT.
MACD has not fully turned bullish, increasing the risk of a false breakout.

📌 Trading Strategy

✔️ The short-term rebound is ongoing, but 96,900 resistance is crucial.
✔️ A breakout above 96,900 USDT could send BTC towards 98,500–100,000 USDT → Bullish trade setup.
✔️ A rejection at 96,900 may lead to a retracement toward 95,000–93,000 USDT → Wait for a lower entry.
✔️ Bitcoin’s movement will influence altcoins like XRP and ETH—watch for correlated price action.

🔥 Trading Plan:

Long Entry: Enter at 97,000–97,500 USDT after confirming the breakout.
- Target: 98,500–100,000 USDT
Short Entry: If BTC drops below 96,000 USDT, short with a target of 95,000–93,000 USDT.

🚨 Stop Loss: If BTC falls below 94,500 USDT, consider stopping out to minimize risk.

📊 Final Thoughts: Bitcoin’s short-term trend is leaning bullish, but confirmation of resistance breakouts is necessary before committing to major positions. Trade wisely! 🚀

“Analysis conducted at 9:30 PM KST.”