$BTC
*๐ BTC 4H Chart Update โ Key Trendline in Focus!*
Bitcoin is currently hovering just above a major ascending trendline that has been respected since April โ acting as strong dynamic support across multiple months.
๐ Chart Insights:
Price is approaching the trendline support after a healthy pullback from local highs.
As long as BTC holds this trendline ($113,000โ$113,500 zone), the bullish structure remains intact.
A bounce here could trigger a move back toward $117,000โ$120,000 levels.
But a confirmed breakdown below the trendline (especially below $113K) may lead to further downside toward $110,000โ$108,000.
โ ๏ธ Scenarios to Watch:
๐ข Bounce from trendline = long setup toward 117K+
๐ด Break & retest below trendline = short setup to 110K zone
๐ Volume confirmation + candle close is key
โ Structure: Still bullish
๐ Decision zone: Right here, right now!