$BTC
๐จ BTC Market Update (4H Chart)
Bitcoin is currently trading around $115K, after hitting a 24h high of $117.4K and a low of $114.5K.
The chart shows a strong bounce from $111.6K to $117.4K, but sellers stepped in at the top.
๐น Current Price: $115,070
๐น Support Zone: $114K โ $111.5K
๐น Resistance Zone: $117K โ $118K
๐น MA(7) is above price โ showing short-term bearish pressure.
๐ Market View:
BTC is showing volatility right now. Holding above $114K could push price back to $117K+, but if it breaks below $114K, we may see a drop toward $111K.
๐ค In my opinion, this setup looks better for scalp traders, while long positions may need to wait for a clear breakout.
