$BTC
🕒 #BTC4HChart Update
Chart Snapshot (4‑Hour Time Frame):
Bollinger Bands have contracted—signaling a volatility squeeze that often precedes a big move .
Formations noted:
Ascending triangle with breakout level near $109,900; breakout could target **$111,600+** .
Symmetric triangle also flagged—break above $109,350 could propel BTC toward $112,900 and beyond .
Key Levels:
Resistance: ~$109,900–110,000.—crucial 4H breakout zone .
Support:
First zone: $107,700–107,800, then $106,985 .
Lower demand tiers: $105,600 and $103,000–104,000 for deeper pullbacks .
Momentum Indicators:
4‑hour RSI around ~51–53, neutral and cooling—waiting for fresh signal .
MACD is showing mild bearish crossover —not yet decisive .
Trade Flow Snapshot:
On TradingView, a common swing‑style plan is to buy a pullback into the $112k–114k zone (former resistance now likely to flip to support) with targets near $122k and stops below ~$108k .
Summary & Strategy
Scenario Action
Bullish Breakout above $110k Opens path to $112k–115k and possibly retests fresh highs
Range-bound / Rejection Watch bounce at $107.7k–107.8k; break below exposes $106.9k, then $105.6k
Volatility Squeeze Expect a strong directional move soon—stay alert for signal candle after the squeeze
#BTC4HChart Takeaway:
Bitcoin is tightening into a setup with clear upper ($107.7k) 4H boundaries. A breakout or breakdown could trigger the next major move—patience during this squeeze is key.
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