๐Ÿšจ This is the 4-hour $BTC chart โ€” from here we can identify possible short-term support & resistance levels. ๐Ÿ“Š

๐Ÿ”ป Short-term Support Levels: ๐ŸŸข 111,800 โ€“ 112,400

๐ŸŸข 110,500 โ€“ 111,000

โš ๏ธ If 110,500 breaks down, the market may correct and drop to the 108Kโ€“109K range. ๐Ÿ“‰

๐Ÿ”„ BTC hasnโ€™t retraced yet after the breakout of the pattern. Until it comes back to take support around 111,800 and bounces upward, we canโ€™t confirm that the bearish patterns are invalid. โŒ๐Ÿป

So, wait for a proper closing first โ€” only then can we consider it fully bullish. โœ…๐Ÿš€

For now, just be patient. โณ

๐Ÿ“Œ Watch the 113,450โ€“113,600 zone closely โ€” BTC is struggling here because of a trendline resistance from the past that's holding it back. โš”๏ธ๐Ÿ“ˆ

โœ… If there's a 4-hour or daily candle closing above 113,600, then the next target could be:

๐ŸŽฏ 114,500 โ€“ 116,000

๐Ÿ” For now, 116,000 looks like the maximum bullish zone.

๐Ÿ“ˆ BTC has pumped non-stop, which is starting to weaken the momentum. ๐Ÿฅต

Follow @Mr Curious โ™ฅ๏ธ for Daily Technical Analysis and Trade Setups ๐Ÿ’ธ

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