$BTC
Bitcoin (BTC) Technical Analysis – 4-Hour Timeframe
Based on the latest market data, **BTC is trading around $101,908** and has recently approached the **$105,000 resistance level**. This level could determine the short-term trend.
### **🔹 Key Indicators**
✅ **Overall Trend:**
- **BTC is testing the $105,000 resistance**, and if broken, there is potential for a rally to **$109,000**.
- **Trading volume is increasing**, indicating that new investors are entering the market.
✅ **Key Levels:**
- **Major Resistance:** $105,000 → If broken, a move toward **$109,000** is possible.
- **Major Support:** $100,000 → If the price declines, it could reach this level.
✅ **Technical Indicators:**
- **RSI:** Near 70 → The market is in an **overbought condition**, which could lead to price correction.
- **MACD:** Crossing above the signal line → Potential for a continued upward trend.
### **🔹 Suggested Trade Strategy for Profitability**
🔹 **📈 Long Scenario – If Resistance at $105,000 Breaks:**
✅ **Entry Point:** After resistance breakout **above $105,000**
✅ **Stop Loss:** Below breakout level **at $103,500**
✅ **Take Profit:** **$109,000 - $112,000**
✅ **Entry Confirmation:** Check for strong bullish candles and high volume.
🔹 **📉 Short Scenario – If Support at $100,000 Breaks:**
✅ **Entry Point:** After support breakdown **below $100,000**
✅ **Stop Loss:** Above breakdown level **at $101,500**
✅ **Take Profit:** **$97,000 - $95,000**
✅ **Entry Confirmation:** Watch for strong bearish candles and high selling volume.
### **🔹 Risk Management & Key Considerations**
📌 **Emotional Control:** Always set a **stop loss** to avoid large losses.
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