Hello everyone! 👋
Taking a quick look at the #BTC chart in a 4-hour timeframe, we can observe some interesting points:
* Key support: The area around $\102,500 - $103,000 has acted as an important support in recent days. We have seen several bounces from this area.
* Resistance to watch: On the upper side, the area of $\104,800 - $105,200 seems to be a resistance that the price has had difficulty overcoming sustainably.
* Potential pattern: A small "bull flag" pattern could be forming, which historically suggests a possible continuation of the bullish trend if the upper resistance is broken.
My opinion (not financial advice): If the price manages to break the $\105,200 resistance with volume, we could see a push towards higher levels. However, if the $\102,500 support is lost, we could anticipate a larger correction.
Question for the community: What are your views on the next movement of Bitcoin? Leave your comments below! 👇
Best regards and happy trading! 🚀
