🚨 Quick Analysis – BTC/USDT (4H) 🚨
Bitcoin (BTC) has experienced a strong upward movement to $124,474, followed by a correction that brought the price to the current level of $115,808.
In the 4-hour chart, we observe the formation of a double top, a chart pattern that usually indicates buyer weakness and a possible continuation of the correction.
🔹 Resistances:
$116,816 (EMA7 and recently tested area)
$119,577
$124,474 (recent top)
🔹 Supports:
$114,054
$111,920
$111,292 (previous low and strong defense zone)
Currently, BTC is trading below the short-term moving averages (EMA7 and EMA25), which reinforces selling pressure in the short term.
⚠️ Attention: This analysis is not a recommendation to buy or sell.
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