$BTC 4-Hour Chart Overview

Bitcoin is currently trading within a tight range, showing consolidation between key support and resistance levels. Immediate support lies at $116,000, with a stronger base at $115,200, which could act as a bounce zone if downward pressure continues. On the upside, resistance begins at $117,200, followed by layered resistance levels at $118,350, $119,400, and a psychological barrier at $120,000. A breakout above $120K may signal a bullish continuation, while a drop below $115K could trigger further downside.