On the 4-hour chart, the BTC price is within an ascending channel, maintaining higher highs and higher lows. It has risen 4% in the past 24 hours.

The current RSI reading is 72, entering the overbought zone. The MACD indicator reflects an optimistic market outlook. The MACD is above the signal line, and the histogram is continually expanding.

Buy at 110600-110900, target 111800-113000