#CryptoTrading. #Signal🚥.

📊Bitcoin ($BTC /USD) Technical Analysis, 4H Timeframe:

1. Trend

• The descending wedge was broken upwards (yellow circle), which became a signal for a reversal.

• BTC is currently moving in an ascending channel (red diagonal lines), but the price is facing resistance at ~$110,000.

2. Key Levels

• Resistance:

🔺 $110,557 – local maximum

🔺 ~$108,100 – current level where the price stopped

• Support:

🔻 $104,982 – horizontal level

🔻 $98,173 – local bottom

3. Indicators

• BarUp/BarDn Strategy shows signals of a change in the direction of growth/fall. The last signal is BarDn, i.e. selling pressure.

• BBP (indicator below) shows weakening momentum – the green zone has changed to red again, which may indicate a potential pullback.

4. Patterns

• Successful breakout from the “lower wedge” (around June 22-23).

• Retest of support at $104,982 – a possible zone for retest or consolidation.

⚠️Conclusion

• So far, the trend looks up, but the current zone of $108–$110K is a strong resistance zone.

• A breakout above $110,500 will open the way to new highs.

• If a pullback occurs – potential entry zones: $104,900 or $98,200.

🔔 Recommendation: Watch for confirmation by a breakout of $110K or reversal candlestick formations in this zone.