4-Hour $BTC Analysis (MACD Method with 3–4 Day Prediction)
• BTC is currently trading at $67,195.99 with slight upward momentum.
• MACD on the 4-hour chart displays a bearish signal, suggesting consolidation or a minor rebound before further decline.
Scenarios 1: Based on MACD with 3–4 Day Prediction:
1. Immediate pullback followed by consolidation:
• Short-Term: Bearish crossover on MACD signals continued downward pressure.
• Medium-Term: BTC likely to consolidate between $65,000 and $67,000.
Scenario 2: Brief Rebound Before Another Decline:
• Short-Term: BTC might retest $68,500, a key resistance level.
• Medium-Term: A broader pullback to $65,000 remains possible.
MACD Confirmation:
• Short-Term: If MACD continues to print red histogram bars, BTC could remain under selling pressure.
• Medium-Term: A potential bullish crossover on the MACD could occur by October 25 or 26, opening the door for a medium-term rally toward $70,000.
Key Levels to Watch: Support: $65,000–$66,000 (October 23–24, 2024).
Next MACD Signal: A bullish crossover in the 4-hour chart could confirm a trend reversal, potentially leading to a stronger move upward.
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