📉 BTC Quick Update – 4H Chart (1st August)

Bitcoin is currently hovering near a crucial support zone between $115,200–$115,000, which also aligns perfectly with the 200 EMA on the 4H chart — acting as a dynamic support!

🔻 Structure: A clear descending triangle is visible, with lower highs compressing into horizontal support. A break below this level with volume could trigger a sharper drop toward $112,000–$110,000.

📊 However, bulls are defending the 200 EMA, and if this level holds, we could see a bounce back toward $117,300–$117,700.

🔁 Scenarios to Watch:

🔽 Breakdown below $114,900 + retest = short opportunity

🔼 Strong bounce from 200 EMA = scalp long chance

🧠 Volume confirmation is key

📉 Trend Bias: Bearish below \$114,900

📈 Bounce potential if 200 EMA holds

⚠️ Trade safe – use SL and proper risk management.

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