Technical Analysis for Currency $BTC – 4-Hour Frame

🔸 Bitcoin failed to break the resistance at 106,000 and retraced from it

🔸 Negative crossover between the moving averages, and the RSI is still below 40 = clear selling momentum

🔸 It is currently trading in a pivotal area around 105,000

🎯 Positive Scenario:

If there is a clear breakout above 106,000:

First target: 108,200

Second target: 110,000

Third target: 112,000

⚠️ Negative Scenario:

If it breaks 104,000 with a 4H candle close:

First target: 102,500

Second target: 100,000

Third target: 97,500

📌 Note: It is important to wait for confirmation of the breakout or breakdown before entering any trade

⚠️ Disclaimer: This analysis is for educational purposes only and is not

financial advice.