Based on the $BTC /USDT 4-hour chart,
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š Technical Overview
Current Price: ~$108,932
Recent High: ~$111,980
Recent Low: ~$98,200
Key Resistance Levels: $109,637 ā $111,980
Key Support Levels: $106,000 ā $103,574
RSI (6): 60.57 ā Mildly bullish, not overbought
MACD: Bullish crossover with positive histogram
Parabolic SAR: Dots below price, suggesting an uptrend
Volume: Modest ā trend could strengthen if volume increases
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š” Intraday Long Setup (Bullish Bias)
š Entry Point(s):
Aggressive Entry: $108,800 ā $109,000 (current zone, potential continuation breakout)
Safer Entry (on pullback): $107,800 ā $108,000 (short-term support)
š”ļø Stop-Loss Placement:
Below recent minor support and structure: $106,000
šÆ Take-Profit Target(s):
TP1: $109,600 (immediate resistance zone)
TP2: $111,900 (swing high)
TP3 (Extension): $112,600 ā $113,000+ (next breakout zone)
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š Trade Notes
A confirmed breakout above $109,600 with volume could fuel a run toward the $112K+ zone.
If BTC pulls back toward $107,800 and holds, it may offer a lower-risk reentry.
Watch RSI and MACD ā if they stay bullish and volume increases, upside momentum will likely continue.