I’ve gone long on $BTC as the 4H timeframe is currently showing a bullish structure, highlighted by the formation of a double bottom pattern. Price has bounced decisively off the marked support zone, confirming it as a strong demand area.
As long as $BTC holds above this level, I believe an upward continuation remains the most likely scenario. The next key resistance zone is around 108,559, which aligns with a potential measured move target of approximately 2.79%.
If bullish momentum continues, price could aim for higher levels in the short term. I’ll be closely monitoring price action near the resistance zone for any signs of a breakout or rejection, which will help determine the next move.
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