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#Marketupdates Bitcoin continues to respect the $104.5k level (Monthly Open) as a key 4H support. This level was tested three times in yesterdayโs price action, each time holding firm โ a clear sign of short-term strength. Weโre currently seeing reduced volatility despite the ongoing geopolitical tensions in the Middle East. However, any escalation โ particularly involving the U.S. or its military bases โ could quickly trigger a market-wide shakeout. As we approach the weekly close, my key levels remain unchanged: Support: $104.5k Resistance: $106.8k ๐ Iโll be closely watching to see which level breaks first โ that will guide the next directional move.
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๐ #Marketupdates On the 4hr Bitcoin chart, price action is respecting the Monday range quite well: $110.4k (Monday High) is acting as firm resistance. $108.6k (Monday Low) continues to hold as support, with multiple successful retests in the past day. The $109k level (Weekly Open) is beginning to show signs of 4hr resistance too. To maintain bullish momentum, Iโd like to see a clean break above the $109k zone soon. However, the longer we consolidate below it, the more likely we see a sweep of the $107kโ$106.5k range. โ Strong start to the week in terms of trade setups โ letโs see how things develop today!
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#Marketupdates Bitcoin remains in a tight consolidation phase, holding firmly above $103K on the 4-hour chart. Over the past four days, every 4H candle has closed above this level, confirming it as key support. On the upside, price faced another rejection near $106K, reinforcing $106.3K (Weekly Open) as significant 4H resistance. This level continues to cap any bullish momentum. Currently, the market is ranging between $102K - $107.1K (Mondayโs range), and with prolonged sideways movement, a larger breakout is becoming increasingly likely. Outlook: A decisive break above $106.3K may trigger a run toward the ATH. A failure to hold $103K could open the door for a retest of sub-$100K levels. At this stage, the direction of the next major move remains uncertain โ caution and patience are advised.
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#Marketupdates If you've been keeping up with my recent posts, you probably noticed Bitcoin got pushed back right at the Weekly Open of $104K this morning. This level has been tough to crack for the last four days. On the flip side, $103K is holding up as solid support on the 4-hour chart, so we're stuck in a really tight range- less than 1%-heading into the weekly close and US futures open. With the US credit rating downgrade last Friday, expect some bumps and shakes in the market over the next day. For now, I'm watching $103K and $104K closely-breaking either way should give us a clue about what's next for $BTC .
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