#cryptotradingpro

📈 Technical analysis of the 4-hour chart of $BTC /USD

1. Current market status:

• Price: ~$107,879

• Trend: Upward with short-term consolidation near resistance.

• Signals: Many “BarUp” signals in the last phase of the movement, confirming the bullish dynamics.

2. Key levels:

• Resistance:

• ~$108,000–108,500 — the zone where the price encounters rejections.

• ~$110,587 — the last local maximum.

• Support:

• ~$104,982 — a confirmed level (the price bounced).

• ~$98,240 — the lower key support zone.

3. Figures and trend lines:

• The breakdown of the descending wedge (green line) has already occurred — confirming the potential for further growth.

• The former triangle (orange structure) — the breakout has also already been realized.

4. Indicators:

• BBP (Bull/Bear Power): returned to the green zone — confirms the dominance of buyers.

⚠️Conclusion:

• Likely scenario: Consolidation near $108,000 with the potential for a breakout to $110,000–$111,000.

• Alternative: If there is a rejection of $108K — a pullback to $104,980 (key support) is possible.

• Trading idea: Buy the dip in the $105K area or a breakout above $108.5K with a target of $110.5K+.