šŸ“Š BTC/USDT Market Update – 4H Chart Analysis šŸ“Š

The Bitcoin market is showing signs of short-term bearishness after a sharp pullback from recent highs near $108,000. Here's a breakdown of the key zones and what traders should watch out for:

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🚨 Key Levels to Watch:

šŸ”¹ Resistance: $108,000 - $110,000

This zone saw significant selling pressure, pushing the price back down. A break above this could signal a bullish continuation.

šŸ”¹ Support: $104,270 (24h low)

If the price holds this level, we could see a bounce. If broken, the next support lies at $102,500, a critical zone for buyers to step in.

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šŸ“‰ Current Sentiment:

Short-Term: Bearish āš ļø

The market has cooled off with a 2.08% decline and bearish candles suggesting sellers are in control.

Long-Term: Still Bullish šŸ“ˆ

This pullback could be a healthy correction, setting up for another leg up.

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šŸ›’ Trading Strategy:

šŸ”¹ Buying Zone: $104,000 - $104,300

This is a potential dip-buy opportunity near key support levels. If the price finds support here, bulls may regain control.

šŸ”¹ Stop Loss: Below $104,000 (around $103,800)

Protect your downside—if this level breaks, sellers could push BTC to $102,500.

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šŸ’” Takeaway:

Right now, BTC is at a make-or-break level. Watch how the price reacts at support:

āœ… Hold and bounce? Long for the next move up.

āŒ Break lower? Sellers could dominate, and shorting opportunities may arise.

What’s your take—are you buying the dip or waiting for confirmation? Let’s discuss! šŸš€

#BTCā˜€ #BTCanalysis #RideTheKaiaWave #BURNGMT #TradersAnalysis

$BTC