#Write2Earn $BTC USDT 4-Hour Chart Analysis (Binance Futures)

Current Price: 118,575.5 USDT

24H High: 120,100.0

24H Low: 117,663.6

Volume: 164,459 BTC | 19.54B USDT

Technical Indicators:

MA(7): 118,633.7

MA(25): 118,666.7

MA(99): 112,373.1

Volume MA(5): 26,457.4

Volume MA(10): 25,400.4

Price Action Overview:

BTC touched a high of 123,300, forming a local top before pulling back.

Support held near 117,500, indicating buying interest at dips.

Price is trading between the MA(7) and MA(25), suggesting consolidation.

The MA(99) is far below, showing long-term trend is still bullish, but currently facing short-term resistance.

Support Zones:

117,500: Minor support, tested multiple times.

115,100: Stronger support, previous breakout level.

112,373: MA(99), long-term moving average.

Resistance Zones:

118,666 – 118,700: Current resistance cluster formed by MA(25).

120,100: 24h High, major psychological resistance.

123,300: Swing high, key breakout level.

Volume Analysis:

Volume is decreasing on recent candles, suggesting weakening momentum.

No major breakout volume seen at current levels.

If volume spikes with a green candle above 120,100, expect bullish continuation.

Conclusion:

Bitcoin is trading in a range between support at 117,500 and resistance near 120,100.

This is a no-trade zone for aggressive entries unless:

A 4H candle closes above 120,100 with volume → breakout entry opportunity.

A break below 117,500 may invite sell-off toward 115,000 or MA(99) around 112,373.

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