BTCUSD Four Hr TF Pivot 23rd July, 2022

BTCUSD 4HR TF:

BTCUSD price closed on the 22nd July, 2022 at 22674.69

Opening price for today is 22674.88

Pivot for the day is 22973.93 and this is above market open price.

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Support and Resistance levels for the 4th Four Hour Period for the Day

Resistance 3

23299.50

Resistance 2

23077.50

Resistance 1

22647.94

Pivot Point

22425.94

Support 1

21996.38

Support 2

21774.38

Support 3

21344.82

 

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The 4hr chart is currently showing that market price is currently Ranging.

The market Price is currently testing the 4hour Time Frame Pivot (retracing in a Bullish Trend)

Price may breakout higher towards Resistance 1 (22948 area) before jumping further to 23132 (Resistance 2).

Break and close above that level will definitely take price to Resistance 3 (23285 area).

Support 1, which is at the 22611 area is currently being eyed by the Bears.

A break below Support 1 may take price to Support 2 (22458 area).

Break and close below that level will definitely take price to Support 3 (22274 area).

Overall bias on the 4 hour chart is that market price is currently Ranging.

Find below computation results for Pivot Point, Support and Resistance levels for the 3rd Four Hour Period for 23 July, 2021.

Resistance 3

23285.28

Resistance 2

23132.42

Resistance 1

22948.51

Pivot Point

22795.65

Support 1

22611.74

Support 2

22458.88

Support 3

22274.97

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