📊 ANALYSIS #BTC /USDT (4H)
Bitcoin confidently bounces off the lower boundary of the expanding wedge 📉, forming a structure resembling a W-shaped recovery pattern 🔁
📈 Currently, the price is trading near the level of $106,986, situated between the resistance of the wedge and the Ichimoku cloud ☁️
Indicators confirm a short-term bullish momentum:
The price has risen above the cloud
Parabolic SAR shows an upward trend
Bollinger Bands are expanding, hinting at increased volatility
🚀 A breakout and consolidation above $108,800 – $110,700 may confirm the continuation of the bullish movement with a target towards $111,800+
🔻 In the event of a pullback, key support is located in the zone of $106,700 – $106,000, followed by $98,260
⚠️ We are monitoring the breakout of the upper boundary of the wedge — confirmation will make the structure reversal and may provide a strong upward impulse!
