BTCUSD Bitcoin Chart Analysis 2/4/2025

The 4 hour time-frame candle shows that yesterday price was able to break both 4 hour and daily resistance and was able to rise further and break another 4 hour resistance, and going into consolidation after that and then breaking below clearing accumulated buy volumes and the current candle rising up crossing resistance before pulling back indicating the market accumulating sell volumes before it is gonna break above further, but to enter a trade we need to wait for a confirmation because if the charts doesn't breaks either sides, we are putting ourselves into more risk than it should be. Right now I'll enter a buy position if the chart breaks below clearing more buy volumes, then luring and accumulating more sell volumes into the market before it'll rise and break above.

But better to also manage your risk and money well to avoid losing money and bursting your account in the market.