✅ Technical Analysis for Bitcoin (BTC)

📍 Current Price: $107,500

🕐 Time Frame: 4 Hours (H4)

🔍 Overall Trend: Bullish, but has entered a temporary correction wave

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📊 Technical Indicators:

50 EMA: Price is still above it → Support signal for the uptrend

RSI (Relative Strength Index): 58 → Moderate uptrend, no overbought condition

MACD: Slight positive crossover, bullish momentum is forming again

Chart Pattern: Breakout of a Bull Flag → Potential signal for a new upward wave

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🧱 Support and Resistance Levels:

Type Level Notes

📉 Major Support $106,500 Technical support and previous correction low

📉 Minor Support $107,000 Close to the averages

📈 First Resistance $110,000 Important psychological and technical barrier

📈 Strong Resistance $112,200 Potential weekly peak

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📈 Upcoming Movement Scenarios:

✳️ Bullish Scenario (currently stronger):

If the price stabilizes above $107,000, then breaks $110,000 with a clear close, we expect:

First Target = $112,200

Second Target = $115,000

⚠️ Bearish Scenario (if the uptrend fails):

Breaking $106,500 will push the price to test:

$104,800 as medium-term technical support

$102,000 as a long-term pivot point

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🔎 My Opinion as a Trading Expert:

> If you are in the market, hold the position as long as it stays above $107K with a stop loss below $106K.

And if you are out of the market, watch for a daily close above $110K for a safe entry 🚀