analysis 📊Bitcoin BTC-->>USDT 4H Technical Analysis🚀

[100%]

 

1. Trend Overview

• BTC has been in a downward trend after failing to hold levels above $120,000.

• Price recently bounced from a local support zone around $110,000, but the general structure still shows lower highs and lower lows, which confirms a bearish bias.

• The projection (green path) suggests that BTC could see a short-term rally into resistance, followed by a potential continuation to the downside.

---

2. Support & Resistance Zones

• Support Levels:

  • $111,000–110,000 → immediate local support (currently being tested).

  • $108,000 → strong support (key level, highlighted on the chart).

• Resistance Levels:

  • $113,000–114,000 → short-term resistance zone.

  • $116,000–117,000 → stronger resistance, likely to cause rejection if tested.

  • $120,000 → major resistance and psychological level.

---

3. Chart Patterns / Formations

• The chart suggests a possible “lower high” formation if BTC rallies towards $113,000–114,000 and fails to break above.

• A break below $110,000 could confirm a bearish continuation towards $108,000 or lower.

• If BTC manages to break $114,000 and close above, it could shift momentum towards a bullish reversal.

---

4. Trading Strategy – What I’d Play Now

• Bearish Setup (Primary Idea)

  • Entry Zone: $113,000–114,000 (short around resistance).

  • Stop Loss: above $115,000 (to avoid being caught in a breakout).

  • Take Profit Targets:

    • TP1: $111,000

    • TP2: $109,000

    • TP3: $108,000 (major support).

• Bullish Setup (If Resistance Breaks)

  • Entry Zone: on confirmed breakout and 4H close above $114,000.

  • Stop Loss: below $112,500.

  • Take Profit Targets:

    • TP1: $116,000

    • TP2: $118,500

    • TP3: $120,000.

---

5. Market Sentiment

• Currently Neutral to Bearish.

• Buyers are attempting to push back, but heavy resistance is directly above.

• The safest strategy here is to wait for a rejection at resistance ($113k–114k) for a short entry, unless bulls show strength with a strong breakout.

---

✅ Summary

• BTC is consolidating after a bounce, but the trend remains bearish unless we see a breakout above $114,000.

• Best short-term play: look for a short position near $113k–114k with stops above $115k and targets down to $108k.

• If bulls take over and break resistance, then we could see $116k–120k.

---

⚠️ Disclaimer: This is not financial advice. Every position should be analyzed individually before entering the market. Always use proper risk management.

📊 This analysis is based on the 4H timeframe. For shorter timeframes (1H, 15m, 5m) with more precise scalping and day-trading setups, you can unlock premium access to gain exclusive strategies and real-time signals! 🚀