MID-WEEK BTC PLAN UPDATE (06/08)
Brief BTC Analysis – 4H Timeframe:
• Main Trend: Price is consolidating within a descending channel (green diagonal lines).
• Support: The 112,500–113,000 zone has been tested twice and bounced (green arrows).
• Resistance: The 114,800–115,200 zone (purple area) – this is the key level that will determine the next trend.
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Two main scenarios:
🔺 Bullish Scenario (Preferred):
• Price breaks above the 115,200 resistance zone → confirms a breakout from the descending channel.
• Next targets: 116,500 → 119,000.
🔻 Bearish Scenario:
• Price gets rejected at around 115,000 and breaks below the 113,000 support → likely to revisit 110,000.
📌 Key Signals to Watch:
• A clear breakout above 115,200 with volume is a strong buy signal.
• If the price fails to break this zone, consider selling once there is a clear bearish reaction.
