Future 3-hour trend analysis and probability


Comprehensive assessment:
The market has given a clear answer: the continuation of a strong upward trend. All previous expectations of pullbacks or consolidations have been invalidated. In the current pattern of bullish control, following the trend is the main approach to analysis.
In the next 3 hours, the price is most likely to exhibit the following trends:
* Continuation of the rise, challenging higher resistance levels ( Probability: ~70%)
* Analysis: A breakout from a consolidation zone usually leads to a period of trending momentum. Driven by bullish sentiment, the price will continue to move upwards in search of the next major resistance area.
* Primary target: 114,800 - 115,000.
* Next target: The area of the previous peak on the left side of the chart, around 115,500.
* Consolidate briefly near the new high ( Probability: ~25%)
* Analysis: After experiencing a new round of rapid increases, the price may take a brief pause, building a new, higher consolidation platform around the new high to gather strength for further upward movement.
* Expected price range: 114,200 - 114,600
* False breakout followed by a rapid decline ( Probability: ~5%)
* Analysis: This is known as a "bull trap," where the price quickly falls back below the breakout level. Considering the high resonance and strong performance of various indicators at present, the probability of this situation occurring is very low.
Conclusion:
In the next 3 hours, the BTC price is likely to continue its strong upward momentum. The main direction of movement is to test higher resistance levels. The previous pullback risk has been eliminated, and the market is currently dominated by bulls in the short term.
Disclaimer: The above analysis is solely a technical sharing based on charts and does not constitute any investment advice. The cryptocurrency market is highly volatile, please pay attention to risk control.
BTC0.53%
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