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#GateTradFi1gGoldGiveaway, Bitcoin ($BTC) is currently trading in a critical zone, showing mixed signals as the market balances between bullish momentum and short-term profit-taking. On the higher timeframes, BTC continues to respect its overall uptrend structure, supported by strong institutional demand and steady spot buying. Price action remains above key moving averages, which indicates that the broader trend is still bullish despite recent pullbacks.
On the daily chart, Bitcoin is consolidating near a major resistance area. This sideways movement suggests accumulation rather than distribution. The 50-day and 200-day moving averages are trending upward, signaling long-term strength. RSI is hovering in the neutral-to-bullish zone, showing that there is room for another upside move without entering overbought conditions. MACD remains positive, although momentum has slightly slowed, which is normal during consolidation phases.
On the 4-hour timeframe, BTC is forming a tightening range, often a precursor to a strong breakout. Volume has decreased during consolidation, which usually supports a continuation move in the direction of the prevailing trend. A confirmed breakout above resistance with strong volume could trigger a fresh bullish impulse. Conversely, a rejection from resistance may lead to a short-term pullback toward strong demand zones.
Support levels to watch are near the previous demand area and the rising trendline. These zones are expected to attract buyers if price dips. Resistance lies at the recent swing high, and a clean break above it could open the door for further upside expansion. Risk management remains crucial, as volatility can increase suddenly around key technical levels.
Trading Strategy:
Bullish traders can look for long positions on pullbacks toward support or on a confirmed breakout above resistance with volume confirmation. Conservative traders should wait for a daily candle close above resistance before entering. Bearish scenarios remain short-term only unless BTC loses major support levels.$BTC