$BTC 🕐 1-Hour (1H) Chart Insights
Current Price: ~$109,800
Near-Term Resistance: Price is hovering just below a Daily Supply Zone (~110,000–110,650), showing signs of hesitation and small rejections.
Price Action: There is a visible attempt to break above the minor consolidation, but rejection candles near the supply zone signal seller presence.
Bias: Neutral to slightly bearish unless BTC decisively breaks above the supply zone.
⏰ 4-Hour (4H) Chart Insights
Supply Zones:
Daily Supply at ~110,000–110,650: Strong resistance, marked twice on chart.
Demand Zones:
First: 108,000–106,000 (light blue): Could act as first bounce zone.
Second: 106,000–104,000 (merged Daily & 4H demand): Stronger support if breakdown continues.
Third: 102,000–100,377 (deepest, strongest zone): High confluence demand zone, ideal for long entries.
Market Structure: Higher highs and higher lows still intact, but facing headwinds at supply.
📅 Daily (1D) Chart Insights
Trend: Bullish from late May, but stalling near Daily Supply.
Resistance:
Daily Supply Zone 1: ~109,700–110,650
Daily Supply Zone 2 (Wider): 110,000–112,000 (top resistance zone)
Support:
Clear 4H/Daily Demand Zones as seen on 4H chart — areas of likely price reaction.
Candlestick Structure: Current candle is a doji-like pattern, showing indecision right at supply.
📌 Summary
Immediate Resistance: ~110.6K–112K (Daily Supply Zone)
Immediate Support Zones (Buy on reaction):
108K–106K (short-term bounce)
106K–104K (stronger confluence)
102K–100.3K (major swing buy zone)
🧠 Strategy Notes (for traders)
⚔️ Bearish Scenario: If rejection continues from 110.6K+, watch for breakdowns toward 106K, 104K, or even 100K for better risk-reward long setups.
🚀 Bullish Scenario: Break and sustain above 112K can open gates toward 114K–116K zone.
🎯 Best Entry Zone: Look for reversal signals in 102K–104K demand range.
#BTCPrediction #BTCUSD