### **š¹ Bitcoin (BTC) Technical Analysis ā 4-Hour Timeframe**
Based on the latest market data, **BTC is trading around $101,908** and has recently approached the **$105,000 resistance level**. This level could determine the short-term trend.
### **š¹ Key Indicators**
ā **Overall Trend:**
- **BTC is testing the $105,000 resistance**, and if broken, there is potential for a rally to **$109,000**.
- **Trading volume is increasing**, indicating that new investors are entering the market.
ā **Key Levels:**
- **Major Resistance:** $105,000 ā If broken, a move toward **$109,000** is possible.
- **Major Support:** $100,000 ā If the price declines, it could reach this level.
ā **Technical Indicators:**
- **RSI:** Near 70 ā The market is in an **overbought condition**, which could lead to price correction.
- **MACD:** Crossing above the signal line ā Potential for a continued upward trend.
### **š¹ Suggested Trade Strategy for Profitability**
š¹ **š Long Scenario ā If Resistance at $105,000 Breaks:**
ā **Entry Point:** After resistance breakout **above $105,000**
ā **Stop Loss:** Below breakout level **at $103,500**
ā **Take Profit:** **$109,000 - $112,000**
ā **Entry Confirmation:** Check for strong bullish candles and high volume.
š¹ **š Short Scenario ā If Support at $100,000 Breaks:**
ā **Entry Point:** After support breakdown **below $100,000**
ā **Stop Loss:** Above breakdown level **at $101,500**
ā **Take Profit:** **$97,000 - $95,000**
ā **Entry Confirmation:** Watch for strong bearish candles and high selling volume.
### **š¹ Risk Management & Key Considerations**
š **Gradual Entry:** Instead of entering all at once, split your entry into multiple stages to reduce risk.
š **Shorter Timeframe Analysis:** Check **15-minute charts** to confirm signals before entering.
š **Emotional Control:** Always set a **stop loss** to avoid large losses.
DO YOUR OWN RESEARCH (DYOR)