#CreatorPad

The 4-hour Bitcoin chart confirms a more urgent bias. It has formed its highest levels since the peak of $124,517, with increasing red volume during sell-offs and weaker green volume in the bounce. Neutral readings from the Stochastic Oscillator at 68.7 and the Commodity Channel Index (CCI) at 57.9 indicate a lack of strong momentum, but positive signals from the Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) across all timeframes reflect long-term trend support. Traders eye a recovery from $120,000 - $121,500 for a breakdown scenario, while failure to hold $119,500 could lead to renewed downside towards $116,000.