#CryptoTrading. #Signal🚥.

Technical Analysis (4 hours) $BTC /USD

🔶 1. Current Structure: Correction Triangle (ABCDE)

• Yellow lines indicate a possible correction triangle (ABCDE) structure.

• Price movement within the range of the decline after the peak near $110,000.

• Expected completion of wave (E) below the current price, near the support zone ~$106,000.

🟩 2. Support

• Horizontal green zone: strong support in the area of ​​$106,800 - $107,200.

• If there is a breakdown of this zone, the next target: $104,982 (blue dotted line).

• Further support: $98,240 - $98,173.

🟥 3. Resistance

• Key resistance: the $109,000–$110,000 area, where the price has repeatedly failed to break above.

• A descending trendline (green) is also visible, which restrains upward movements.

📉 4. BBP 13 indicator

• Currently negative value (-904), indicating a loss of buyers' momentum.

• A possible signal for a local decline or continuation of the correction.

🟡 5. Potential scenario

• If the price completes wave (E) in the $106,500–$107,000 area and finds support, an upward breakout above $109,000 is possible.

• If the support fails, the target is down: $104,982, and with a stronger sell-off, to $98,000.

⚠️Conclusion (briefly):

• Price is in a correction phase (triangle ABCDE).

• Key support: $106,800–$107,200.

• Key resistance: $109,000–$110,000.

• Probability of first decline (until wave E completes), then — upward breakout (if support holds).