📊 $BTC /USDT 4H CHART ANALYSIS
Bullish Momentum Ignites Above Key Levels! 🚀
Bitcoin is showing renewed strength, breaking above the 25 EMA and challenging key resistance near $107,700. With the price bouncing from a recent low of $102,664, the bulls have regained control.
🔍 Technical Highlights:
✅ Price trading above MA(7), MA(25), and MA(99) – momentum shift confirmed
✅ Bullish engulfing candles with increasing volume
✅ Resistance zone: $107,800 – $110,400
✅ Support zone: $105,600 – $104,000
📈 TRADE SETUPS
🔹LONG ENTRY: $106,800–$107,300
TP1: $109,000
TP2: $110,400
TP3: $112,000
SL: $105,200
🔻SHORT IDEA (if rejected at resistance): $110,000–$110,400
TP1: $107,500
TP2: $106,000
SL: $111,200
📌 Strategy Note: Wait for volume confirmation before entry. Tight risk management is crucial near resistance.
Is $BTC gearing up for the next leg to $112K or is this a bull trap? Share your thoughts below! 👇