๐ $BTC /USDT 4H Analysis โ Key Zones & Insights
Current Price: 113,989.98 USDT
24H Range: 112,722.58 โ 116,019.30
Volume: 20,294 BTC | 2.32B USDT
๐ Market Overview:
Bitcoin is in a short-term downtrend after facing strong rejection from the 116,000+ zone. Price dipped to a fresh 24H low of 112,722.58, testing a significant demand zone before slightly recovering. The 4H chart shows a bounce candle forming, suggesting a possible relief rally or consolidation phase ahead.
๐ Key Technical Levels:
โข Support 1: 112,722 โ previous local low
โข Support 2: 112,354 โ psychological round number
โข Resistance 1: 115,600 โ 4H supply zone
โข Resistance 2: 117,200 โ structure break zone
๐ Short-Term Bias:
Neutral to Bearish.
If BTC fails to reclaim above 115,600, we may see a retest of 112,700 or even deeper dips. However, sustained holding above 113,000 may attract short-term buyers.
๐ Trade Plan:
Watch for price reaction around 114,000โ114,300.
Break and close above 115,600 = possible move to 117,000.
Break below 112,700 = opens downside toward 110,500 range.
๐ก Insight:
Heavy volume on the down move indicates whales may have offloaded some positions. If no major recovery follows, further downside is likely before the next big leg up.
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