Short-Term Technical Analysis $BTC (1h–4h Timeframe)
Current Price: $103,139.55
Key Zones:
Immediate Support: $102,339 (recent breakout level)
Resistance to Watch: $103,700–$104,000 (24h high zone)
Strong Resistance Above: $106,833
Short-Term Indicators & Price Behavior
Momentum: Price is showing strong bullish momentum from $85,000–$87,000 with higher highs and higher lows.
Volume: Increasing volume supports bullish strength.
Candlestick Behavior: Most recent candles are green with long bodies, showing buying pressure.
Trade Plan (Scalp to Swing)
Option 1: Breakout Trade
Entry: Above $103,700 (if broken with strong volume)
Target 1: $104,800
Target 2: $106,800
Stop Loss: $102,500
Risk-Reward: ~1:2.5
Option 2: Pullback Buy
Entry: Around $102,339 (support zone)
Target 1: $103,700
Target 2: $105,000
Stop Loss: $101,400
Risk-Reward: ~1:3
Option 3: Reversal Short (High Risk)
Entry: If BTC gets rejected at $106,800
Target 1: $104,000
Target 2: $102,339
Stop Loss: $107,500
Risk-Reward: ~1:2
Tips
Watch 1h and 4h candle closes near resistance/support.
Set alerts at $103,700 and $106,800.
Use trailing stop-loss to protect profits if price rallies strongly.
