#cryptotradingpro #Signal🚥.

📊$BTC /USD Technical Analysis (4 hours)

1. Current price: ~107,553 USD

2. Key levels:

• Resistance:

• ~110,587 (highest level on the chart)

• ~108,000 (upper limit of the red descending channel)

• Support:

• ~104,982 (blue zone)

• ~98,240 / 98,173 (key support zone and lower limit of the channel)

3. Trend:

• The price is moving inside the descending channel (marked by red dotted lines).

• After testing the lower limit of the channel (~98k), there was a rebound upwards.

• The current movement is a local uptrend, but globally it is a downtrend with a risk of failure near the ~108k zone.

4. Candlestick signals and indicators:

• BarUp/BarDn — confirm short-term phases of the uptrend and downtrend.

• BBP Histogram (bottoms and tops): positive dynamics on BBP → signal for growth, but volume is weakening.

5. Potential scenarios:

• 🔼 Bullish scenario: Breakthrough 108,000 and movement to 110,500.

• 🔽 Bearish scenario: Rejection at 108k and decline to 104,982 → with the potential to fall to 98,200.

⚠️Conclusion:

The price is at an important level. Approaching the upper channel boundary (108k) is key to determining the further direction. Growth above it will open the way to new local highs. Rejection is a signal to short with the potential to return to 98k.