$BTC Analysis 4h TF
Bitcoin has formed a w formation on the 4-hour timeframe. Which is a bullish sign. And it seems to be testing the support at 106,700 and bouncing. If the daily candle closes above 106,700 then we are going to see a new ATH. Also, the market cap is bouncing from support too. And the Bitcoin liquidation heat map shows a lot of liquidity between 112,000 and 116,000(yellow bars more liquidity ).
Beware if you are going to short.
