BTC / BITCOIN

30 ส.ค.🔍 BTC/USDT Analysis: 4-Hour Timeframe 📉

The BTC/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view.

• August 31, 2024, 21:00, September 7, 2024, 17:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• September 3, 2024, 13:00, September 15, 2024, 01:00 - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating BTC or entering long positions.

When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.

Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).