$BTC

Technical Analysis of #BTC/USDT

4-Hour Time Frame

Bitcoin (BTC) has experienced a strong rise in recent hours, with the price increasing from levels of 111,920 to reach 117,443, recording daily gains exceeding +2%.

✅ Technical Indicators:

RSI (14): at 66.36 → near the overbought zone.

Stochastic RSI: above 99 → in the overbought territory, indicating a potential temporary correction.

MACD: clear positive crossover with strong upward momentum.

Bollinger Bands: the price breaks the upper limit at 117,741 → a signal for strong upward movement but may be followed by a correction.

Next Resistance Levels:

118,347

119,800

120,200 (previous technical peak)

🟢 Support Areas:

116,500 ← initial support

114,250 – 114,650 ← strong medium support

111,920 ← main support

Technical Outlook:

The overall trend is currently upward, supported by strong momentum, but the presence of indicators in overbought areas increases the likelihood of a correction soon before continuing the rise.

Technical Recommendation:

It is not advisable to enter currently from the peak.

✅ We are waiting for a corrective drop towards 116,500 or 114,500 before buying.

Next Targets: 118,500 then 120,000

Proposed Stop Loss: 113,500

Monitor the price closely, and enter from support areas and not from overbought peaks.

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