#BTC110KSoon?
๐ BTC/USDT Technical Analysis (4H Chart)
#BinanceAlphaAlert #TrumpTariffs
1. Price Action
Current Price: $110,301.54
4H High: $110,530.17
Recent Low: $100,372.26
Strong bullish rally observed from the $100,000 zone after a consolidation phase, indicating renewed upward momentum.
2. Key Indicators
EMA(7): $107,874.68 โ Price trading above short-term EMA, signaling strong bullish momentum.
EMA(25): $106,153.51
EMA(99): $105,873.97 โ All EMAs aligned in a bullish formation.
MACD:
DIF: 979.30
DEA: 529.51
Histogram widening, confirming bullish crossover.
RSI(6): 90.13 โ Extremely overbought territory, suggesting a potential short-term pullback.
Volume: Rising steadily, confirming active buying interest and supporting the bullish move.
๐ ๏ธ Intraday Trading Strategy โ Bullish Bias
โ Entry Zones
Primary Entry (Pullback): $108,500 โ $109,000
Aggressive Entry (Breakout): Entry on breakout above $110,530
โ Stop-Loss
Place below recent support level to limit downside risk:
Stop-Loss: $107,000
๐ฏ Take-Profit Targets
TP1: $111,500 โ Local resistance
TP2: $112,500 โ Notable resistance zone
TP3 (Extended Target): $114,000 โ Psychological level + Fib extension
โ ๏ธ Risk Notes
RSI is in the extreme overbought range (>90), suggesting elevated risk of a short-term correction.
Safer entry opportunities lie near support/EMA levels or on a confirmed breakout with strong volume.
Watch for weakening volume during upward moves โ may signal a false breakout.
๐ง Summary (Trade Signal)
Bias: Long (Bullish)
Entry: $108,500โ$109,000 (pullback) or on breakout above $110,530
Stop-Loss: $107,000
Take-Profit Targets:
TP1: $111,500
TP2: $112,500
TP3: $114,000
Risk Level: Medium to High (due to overbought RSI)
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๐ Current Price: $109,993.4 (+4.15%)
Pair: BTC/USDT (Perpetual Futures)
