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BTC/USDT Technical Overview 4H Timeframe #TradeStories #BTC #patternanalysis $BTC
Bitcoin (BTC) has shown strong bullish momentum on the 4-hour chart, breaking out from key zones. Initially, it surged after breaking a prolonged accumulation zone near $74,500 (Zone 1). It then formed an ascending triangle, confirming a breakout after a successful retest (Zone 2), pushing the price to a recent high of $105,819. Currently, BTC is consolidating in a tight range between $104K and $105K (Zone 3). This consolidation suggests a potential breakout or minor correction. Traders should monitor volume and price action closely for the next directional move. Key support lies near $93,600 and $86,700.
Bitcoin (BTC) has shown strong bullish momentum on the 4-hour chart, breaking out from key zones. Initially, it surged after breaking a prolonged accumulation zone near $74,500 (Zone 1). It then formed an ascending triangle, confirming a breakout after a successful retest (Zone 2), pushing the price to a recent high of $105,819. Currently, BTC is consolidating in a tight range between $104K and $105K (Zone 3). This consolidation suggests a potential breakout or minor correction. Traders should monitor volume and price action closely for the next directional move. Key support lies near $93,600 and $86,700.
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