Dissecting BTC sideways
4H chart on the BTCUSDT Perpetual Future on Binance.
BTC is moving into a key channel at 9000-9450. Consolidating below or above these levels would be key for any further movements.
On the 4H chart, current set up seems to justify a restest of 9450 levels. Confirmation above will set the price up to 9600 - 9700 area, two long term resistance points. I would set ladder short orders at 9500 - 9600 while putting buy orders at 9150 - 9000 - 8800 in case price dips.
Bears are here to stay unless any convinced further confirmation above 9700 and 10100 materializes.
BTC is moving into a key channel at 9000-9450. Consolidating below or above these levels would be key for any further movements.
On the 4H chart, current set up seems to justify a restest of 9450 levels. Confirmation above will set the price up to 9600 - 9700 area, two long term resistance points. I would set ladder short orders at 9500 - 9600 while putting buy orders at 9150 - 9000 - 8800 in case price dips.
Bears are here to stay unless any convinced further confirmation above 9700 and 10100 materializes.