🎯 BTCUSDT Analysis – 4H Timeframe
Bitcoin is currently trading around $114,850, moving within a short-term ascending channel following a sharp drop from the $115,600 zone. However, this structure closely resembles a bear flag, indicating a potential continuation to the downside.
📊 Technical Indicators:
• RSI at 52 → Neutral zone, no strong bullish momentum.
• MACD slightly positive → Bearish crossover likely if momentum weakens.
• Volume decreasing on the move up → Indicates weak bullish conviction.
📌 Key Zone to Watch:
🔸 $115,600 – $116,000: major resistance area.
🔻 A rejection here could trigger a short entry.
🎯 Targets: $112,500 and potentially $109,500 if the channel breaks down.
✅ Preferred Trade Setup:
🔻 Short from the top of the channel if rejected.
❌ Invalidation above $116,200.
📈 Alternative Bullish Scenario:
A breakout above $116,500 with strong volume could open the door for a move toward $118K – $120K
🔍 I’m watching for a technical rejection to short BTC.
What’s your game plan? 💬👇
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