๐จ This is the 4-hour $BTC chart โ from here we can identify possible short-term support & resistance levels. ๐
๐ป Short-term Support Levels: ๐ข 111,800 โ 112,400
๐ข 110,500 โ 111,000
โ ๏ธ If 110,500 breaks down, the market may correct and drop to the 108Kโ109K range. ๐
๐ BTC hasnโt retraced yet after the breakout of the pattern. Until it comes back to take support around 111,800 and bounces upward, we canโt confirm that the bearish patterns are invalid. โ๐ป
So, wait for a proper closing first โ only then can we consider it fully bullish. โ ๐
For now, just be patient. โณ
๐ Watch the 113,450โ113,600 zone closely โ BTC is struggling here because of a trendline resistance from the past that's holding it back. โ๏ธ๐
โ If there's a 4-hour or daily candle closing above 113,600, then the next target could be:
๐ฏ 114,500 โ 116,000
๐ For now, 116,000 looks like the maximum bullish zone.
๐ BTC has pumped non-stop, which is starting to weaken the momentum. ๐ฅต
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