The market is showing resilience after testing a major support zone, but bulls cannot celebrate yet. We have a clear overhead resistance that defines the short-term trend.
On the 4-Hour chart, the key battleground for $BTC is currently the $104,000 – $104,500 zone.
Why is this level critical?
Prior Support Turn-Over: This region acted as strong support during the last consolidation phase. Breaking it downward has now confirmed it as major overhead resistance.
Volume Profile: Heavy trading volume occurred here, meaning many traders who bought at this price are now waiting to "break even" and sell, creating selling pressure.
The Scenario: A rejection here means we re-test the recent lows (the $100,000 psychological support). A clear, decisive close (4H candle) ABOVE $104,500 is the green light for a move toward the next major resistance at $108,000.
📉 My Simple Trading Plan:
BULLISH Trigger: 4H close above $104,500.
BEARISH Confirmation: 4H close below $101,500.
Quick Poll: Where do you think BTC is headed this week?
A. Above $108k (Bulls are back 🚀)
B. Below $100k (More pain to come 🐻)
Leave your target price in the comments! 👇
#bitcoin #cryptotrading #MarketAnalysis #BTC走势分析 #Write2Earn
