๐ $BTC/USDT 4H Analysis
Current Price: ~$114,248
Trend: Pullback after recent high near $122,000
Volume: Low to moderate (6.67K $BTC )
๐ Whatโs Happening?
BTC made a local top near $122K, followed by a lower high and gradual pullback.
Now testing support near $114K. If broken, next key support is around $110Kโ$111K.
Momentum slowing; MACD and RSI (not shown) likely cooling off.
๐ข Long Trade Setup
Entry: ~$114K (if price holds and bounces)
Target: $117.5K โ $120K
Stop-loss: Below $112K
Reason: Price may retest recent resistance; good R:R if support holds.
๐ด Short Trade Setup
Entry: Break below $113.5K
Target: $111K โ $107.5K
Stop-loss: Above $115K
Reason: Lower highs + breakdown could accelerate selling.
๐ Summary:
Short-term bias: Bearish unless $114K support holds.
Long above $114K bounce, short below $113.5K break. Wait for confirmation.
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