Technical analysis by mrsignalll about Symbol BTC: Buy recommendation (21 hour ago)

#BTCUSDT | 4 HOUR TIMEFRAME UPDATE First, if we look at the #BTC chart, we can clearly see that price is moving within a large trading range between $94K and $81K. This range is well-defined. At the top of the range, price has reacted multiple times — around 7 clear rejections — before moving lower. This behavior confirms that #Bitcoin is currently in a ranging market. Understanding which market phase we are in is extremely important, because our trading strategy must always adapt to the phase. When the market is in a trading range — whether on the daily, 4H, or even the 5-minute timeframe — the optimal approach is simple: sell near the top of the range and buy near the bottom of the range. At the moment, price is approaching the lower boundary of this range, so the key question is: where are the important demand zones to watch? 🤔 🔹 First key demand zone: $86,140 – $85,528 This is the initial area where we can look for confirmation to open a long position. 🔹 Second and more important demand zone: $83,785 – $83,000 This zone holds stronger significance, and if price reaches this area, it becomes a high-probability region to look for long setups with confirmation. Currently, price is moving toward the first demand zone ($86,140 – $85,528). The next step is to closely monitor price reaction and confirmation in this area before making any trading decisions.