April 6, 2026

It's… complicated!

It's... complicated!

It's... complicated!

It's… complicated!

Bitcoin / TetherUS BINANCE:BTCUSDT
ShawnMCR


It's... complicated!

Let’s see how BTC is behaving.
This is a 4H chart. (Mid Term)

I said it’s complicated because there are about four resistance levels on the chart, plus four support areas.
One of each is dynamic, forming a triangle price zone.
Now, if you want my advice, let Bitcoin go for a while, and let’s see what will happen.
This triangle we’re in is very dangerous for opening new long/short positions. Give it a day or two.

Bollinger Bands can work as support and resistance too. Here is an example:


Bollinger Bands

The market is showing BUY volumes for BTC .

Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance.

The Middle Bollinger Band can push down the value, and the Lower band pushes the price up.

If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.

The RSI shows that BTC is above the 50 levels, the center.

If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:


RSI (The relative strength index)

Current Market Price: $40712

Let me know your ideas.

Good luck.

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