Bitcoin, Technical Analysis – H4
Bitcoin is extending its recovery, but the rally is approaching a key resistance zone where bullish momentum could begin to fade.
Bitcoin is extending its recovery, but the rally is approaching a key resistance zone where bullish momentum could begin to fade.
Natural gas remains under heavy selling pressure, with bearish momentum keeping the focus on lower support levels despite the potential for short-term technical rebounds.
USD/JPY remains under bearish pressure after confirming its downside scenario, with the focus shifting to lower support levels following a brief corrective rebound.
EUR/USD is trading within a well-defined 50-pip range as market participants avoid taking aggressive positions ahead of the weekend.
Gold remains under pressure near $4,115 as stronger US economic data and hawkish Federal Reserve expectations outweigh safe-haven demand.
Brent crude is holding near $76 as markets weigh severe supply risks in the Strait of Hormuz against growing optimism over US-Iran diplomacy.
USD/JPY has tested the supply area near 162,700, marking the likely end of the recent correction. Bears are now poised to push the pair toward the next major downside target.
GBP/JPY continues its strong uptrend, developing classic “bull flag” patterns. Momentum is gradually slowing, suggesting that once the current leg reaches its target, a deeper corrective move may follow due to profit-taking.
EUR/USD is approaching a critical breakout point within a narrowing triangle. With limited room left for consolidation, an impulsive move is expected soon. The key level to watch is 1.1460.
Bitcoin is currently range-bound on the H1 timeframe with no clear medium-term trend. Bulls are expected to struggle at a key resistance cluster near $63,400, likely leading to another leg lower.
Spot Gold (XAU/USD) trades at $4,103 this Thursday morning, undergoing steady consolidation roughly 25% below the historic record high of $5,600 established in January.
Brent Crude is trading at 77.75 this Thursday morning, consolidating slightly below an aggressive intraday thrust to 80.00. The energy complex has absorbed the latest Middle Eastern military escalation with relative restraint.
Natural Gas is in the final stage of its upward impulse and is likely to face strong resistance in the 3,320 supply zone. A confirmed reversal from this level could open the way for a decline toward the key support at 3,060.
Bitcoin remains fragile and continues to dismantle the myth of being a “safe-haven asset” and reliable “store of value.”
Gold (XAU/USD) is in an intense decline on the H1 timeframe. Key supports lie at $4,030 and $3,960, where buying interest may trigger rebounds.