BTC 4-Hour Timeframe Update
$BTC has shown a slight rebound after hitting $112K. With the price now at $115K, it’s likely that BTC may move towards the blue box or the resistance trendline, which lies between $116K and $119K. Scalping opportunities can be considered here with proper risk-reward (R:R) management.
In the bigger picture, BTC needs to break above the $120K level to end the current correction cycle and continue its move towards a new all-time high.
We hope this helps.
Trade safely and take care.
Regards,
Team Dexter
