$BTC

BTC 4H Chart Update

Bitcoin is currently consolidating within a tight range on the 4-hour chart. After facing resistance near $63,000, BTC continues to hold support around $61,200. A symmetrical triangle is forming, indicating a potential breakout soon.

Key Levels:

Resistance: $63,000 – $63,500

Support: $61,200 – $60,500

Breakout Zone: A move above $63.5K or below $60.5K could trigger a sharp $1,500–$2,000 move.

Indicators:

RSI near 50: Neutral momentum

MACD: Flat, showing low strength

Volume: Declining, signaling a possible upcoming breakout

Summary:

BTC is in a crucial zone. Traders should be ready for volatility. Watch for a clear breakout with volume confirmation.

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