Technical analysis by yagmursuzenn about Symbol BTC on 4 hour ago

Current technical analysis with important levels and indicators on the 1-hour Bitcoin (BTC) chart: 🔴 Resistance Levels: $92,352.37: Critical resistance level in the short term. A break above it may herald further rise. $93,974.06: Major resistance level. Breaking this level could be the beginning of a strong rise for Bitcoin. 🟢 Support Levels: $90,412.12: First important support level. If Bitcoin falls below this level, the decline may deepen further. $86,502.67: Second important support level. A strong reaction can be received from this level. $84,591.39: The strongest support level. If Bitcoin falls towards this level, a reversal could occur here. Bitcoin is currently trading at $91,313.98. If it rises above $92,352.37, a rise towards $93,974.06 could be observed. However, if there is a retreat here, it is possible for Bitcoin to decline towards support levels. 📈 Stochastic RSI: It is currently at 41.12, indicating neutral momentum. If the Stochastic RSI drops to the 20 levels and starts moving up again, this could constitute a buy signal. A move close to 80 levels may indicate a retracement or correction risk. Bullish Scenario: If Bitcoin breaks above $92,352.37, it is likely to rise towards $93,974.06. Bearish Scenario: If Bitcoin fails to break $92,352.37 and pulls back, there could be a decline towards the $90,412.12, $86,502.67 and $84,591.39 support levels.