๐ BTC Analysis โ RSI Rebounds, Support Holds at $112K ๐
๐ช Bitcoin remains the cornerstone of crypto trading, and todayโs 4H chart shows a cautious recovery. With a modest 0.51% gain and RSI climbing from oversold territory, BTC is testing short-term resistance while holding firm above $112K.
๐ Technical Analysis
- Short-term trend: Sideways to mildly bullish
- Support: $112,380
- Resistance: $118,575
- Pattern: Hammer candle near support, signaling potential reversal
- Volume: 1,313 BTC โ steady but not explosive
- RSI(6): 47.34 โ recovering from bearish zone
- MA(5): 2,493.11 < MA(10): 2,865.41 โ bearish crossover still active
- Short-term outlook: Neutral with bullish bias
๐ฐ Market Data & News
- Current price: $114,028
- 24h change: +0.51%
- 24h high/low: $114,821.76 / $112,380.00
- Volume (24h): 14,423 BTC / 1.64B USDT
- No major headlines, but BTC remains dominant in market sentiment
๐ Scenario Breakdown
- Bullish Case: Break above $118,575 with volume surge could push BTC toward $120K+
- Bearish Case: Drop below $112,380 would confirm downside continuation
๐ Sentiment Meter
๐ Neutral โ Range-bound, no clear direction
โ ๏ธ Risk Level
๐ก Medium โ Some signals align, but confirmation needed
Will BTC reclaim $118K or revisit $112K support? Share your thoughts below ๐
๐ง Whatโs your strategyโbuy the dip or wait for breakout confirmation?
๐ This trade is part of a bigger pictureโclick the chart and take your position. Letโs build long-term success, one setup at a time. ๐ฌ Like, Follow & Share to stay ahead of the curve!
๐ข Reminder: This is educational content. No guarantees, no adviceโjust charts, data, and perspective.
BTC #TheCryptoMalik