📢 Technical Analysis for Currency $BTC – 4 Hour Frame
💰 The current price is at $111,730, trading below a descending trend, with relative support from the recent demand area near $110,000.
The 50 and 200 moving averages are above the price, indicating continued selling pressure.
🔹 Support Levels: $111,000 – $109,000 – $105,000
🔹 Resistance Levels: $115,000 – $120,500 – $125,000
Potential Scenarios:
✅ In case of a breakout:
Closing a 4-hour candle above $115,000 →
🎯 Targets: $118,000 – $120,500 – $125,000
❌ In case of a breakdown and drop:
🎯 Targets: $111,000 – $109,000 – $105,000
📌 Note: It is preferable to wait for a candle close for confirmation.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
