This chart is a 4-hour analysis of Bitcoin (BTC/USDT) with key price levels and possible scenarios marked out using technical chart patterns and trend lines.
Resistance Zone: $103,000 – $107,000
Immediate Support: Around $99,881 and $99,305.
Lower Support Zone: $95,746 – $91,504.
Possible Scenarios (Indicated by Blue Arrows):
1. Bullish Scenario:
BTC bounces off the trendline and breaks above the resistance zone (~$103,000–$107,000).
A breakout could lead to a continuation of the uptrend towards $110,000+.
2. Bearish Scenario:
BTC fails to hold the trendline and breaks below the $99,881 / $99,305 support levels.
This could trigger a drop towards the next strong support range (~$95,746 to $91,504).
3. Range Scenario:
BTC may continue to range between ~$99K and ~$106K before choosing a direction.