Looking at your BTC/USDT 4-hour chart with Auto Fibonacci Retracement and Lux Algo overlays:
Current Price: $109,656
Fibonacci Levels:
Key resistance near $110,000–$110,900 (you’re approaching this zone now).
Support levels sit around $108,000 and $106,800.
Structure:
BTC has broken above the 0.5 Fib level (~$108,808), which is typically a bullish sign.
The breakout candle shows momentum, but you're heading straight into resistance.
What to watch:
If BTC closes above $110,900 (the 0.618–0.786 Fib zone), next target could be $112,000–$114,000.
Rejection here could bring a retest of $108,800 or even $106,800, which is also supported by the lower Ichimoku cloud.
Strategy tip: This area is a decision zone. Watch volume closely. A strong candle above $110.9K with rising volume may confirm bullish continuation.
Want a trade setup (entry, SL, TP) based on this chart?
