📊 BTC/USDT Technical Analysis – 4H Chart
Price: $118,700
Range: $116,600 – $120,700
Structure: Consolidation within a bullish pennant / symmetrical triangle
Momentum: Market is coiling up before a potential breakout
⚙️ Key Indicators (4H Timeframe)
RSI (~59): Neutral, not overbought
MACD: Bullish crossover above the zero line
EMA 50 vs EMA 200: Short EMA is above the long EMA – uptrend continues
Volume: Moderate, classic for accumulation before breakout
🔮 Possible Scenarios (Next 4–12 Hours)
🟢 1. Bullish Breakout
Condition: Clean breakout above $120,300 with strong volume
Target 1: $122,000
Target 2: $124,800–$125,000
Stop-loss: $118,200
🔻 2. Bearish Breakdown
Condition: Breakdown below $116,600 support
Target 1: $115,000
Target 2: $113,500
Stop-loss: $119,000
✅ Trading Strategy
Trader Type Suggested Action at $118,700
Scalper / Day Wait for breakout confirmation
Swing Trader Entry possible with tight SL under $118K
Long-Term Good area to accumulate before next move
⚠️ Risk Management Notes
📌 Set stop-losses — this is a critical pre-breakout zone
❗ Beware of fakeouts; wait for volume confirmation
🧨 Max volatility is expected within 12–24h
📌 Conclusion
Bitcoin at $118,700 is approaching a crucial breakout zone:
Above $120K? Likely rally continuation
Below $116.6K? Expect deeper correction to $113K
🛑 Disclaimer: This is not financial advice. Always DYOR and manage your risk.
💬 What’s your move – breakout play or wait-and-see? Let me know in the comments 👇
