#BitcoinBreakout #BTCAnalysis #CryptoMomentum
🚀 Bitcoin spikes to $108,779 with +3% gain — reclaiming bullish momentum after the recent correction!
📊 4H Chart Breakdown:
- Parabolic SAR flipped bullish — dots now below price
- MACD shows bullish crossover: MACD line at +419.61 vs DEA at -180.46
- Stochastic RSI overheated at 97.42, indicating strong momentum but potential short-term exhaustion
- RSI(6) at 85.95 — extreme overbought territory!
🧠 What This Means:
Bitcoin has bounced from the $104.3K support level with strong volume. The parabolic SAR and MACD confirm the trend reversal. However, RSI is screaming "caution" 🚨 — a minor pullback might follow before continuation.
📌 Next Key Levels:
- 📈 Resistance: $110.5K and $111K
- 📉 Support: $106.5K and $104.3K
🔥 If BTC closes above $110K in the next 4H candle, we may be entering a new local rally.
🗣️ What’s your BTC strategy right now? Long or short?