4-Hour Chart: A V-Shaped Recovery Faces Its Next Test
The four-hour chart shows bitcoin’s price bouncing from $82,555 and reclaiming $84,000 following Monday’s selloff, establishing a V-shaped recovery without producing a fresh breakout. The order-book overlay identifies resting bids around $84,000, while offers are stacked between $84,500 and $85,000.
The $85,131 local high remains the next hurdle, with $87,374 representing the larger overhead barrier. Conversely, a four-hour close beneath $82,555 would invalidate the current rebound and place $BTC below the Sept. 28 low.
Daily Chart: September’s Rally Takes a Breather
The daily chart retains its upward structure following bitcoin’s price advance from the August swing low near $62,216 to September’s $87,374 peak. Since reaching that high, $BTC has pulled back and settled into sideways-to-up trading around the mid-$84,000s, with recent daily volume lighter than during the initial advance.
The higher-low sequence remains intact, although the failed hold above $87,000 leaves unfinished business overhead. Immediate support rests around 82,555-82,721, while deeper daily reference levels sit at $81,144, $80,981 and $80,283.
Oscillators: Momentum and MACD Carry the Bullish Argument
The market’s daily oscillators on Tuesday register nine neutral readings and two bullish signals. The relative strength index (RSI) stands at 63, the stochastic at 73, the commodity channel index (CCI) at 59, and the average directional index (ADX) at 42.
The Awesome oscillator (AO) reads 4,027, Stochastic RSI Fast logs 57, Williams percent range sits at minus 25, bull bear power (BBP) reads 1,238, and the Ultimate oscillator (UO) stands at 55. Momentum (10) at 3,046 and moving average convergence divergence (MACD) level at 2,246 deliver the only two bullish signals.
Moving Averages: Thirteen Buy Signals, One Holdout
The moving averages (MAs) are considerably more enthusiastic, registering 13 bullish signals, one neutral, and one bearish signal. The exponential moving averages (EMAs) at 10, 20, 30, 50, 100, and 200 periods stand at $83,475, $81,849, $80,283, $77,568, $74,102 and $74,331, respectively. Their simple moving average (SMA) counterparts read $84,342, $80,981, $80,327, $76,884, $70,105 and $71,206.
The Ichimoku baseline registers neutral at $81,144, while the 20-period volume-weighted moving average (VWMA) at $80,818 and nine-period Hull moving average (HMA) at $83,878 favor buyers. The sole sell belongs to the 10-period SMA, sitting practically on top of bitcoin’s $84,341 spot print.
Bull Verdict:
A four-hour or daily close above $85,131 would strengthen the recovery, placing September’s $87,374 swing high back in focus.
Bear Verdict:
A four-hour close below $82,555 would invalidate the current bounce, exposing deeper daily reference levels around $81,144, $80,981 and $80,283.
