#BTC TECHNICAL ANALYSIS (4H TIMEFRAME)
BTC just broke the trend from which price was getting bounce multiple times in 4H Time frame. Also BTC is trading below 34EMA line which indicates bearish momentum.
Currently now BTC is trading at price $107,633 and aa well going for a retest at this trend line.
If the price manages to form a 4H yellow trend line highlighted in chart then price will surge towards 110-111k zone.
But if price fails to form 4H candle below this yellow trend line highly chance that BTC will further push downwards the 106-104k demand zone.
Keep an eye on the charts right this no trade zone as BTC price is making a retest so wait for clean setup before making any scalp entry.
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