Technical Analysis for Currency $BTC – 4-Hour Frame
🔸 Bitcoin failed to break the resistance of 106,000 and bounced back from it
🔸 Negative crossover between the averages, and RSI is still below 40 = Clear selling momentum
🔸 Now trading in a pivotal area around 105,000
🎯 Positive Scenario:
If a clear breakout occurs above 106,000:
First target: 108,200
Second target: 110,000
Third target: 112,000
⚠️ Negative Scenario:
If it breaks 104,000 with a 4H candle closure:
First target: 102,500
Second target: 100,000
Third target: 97,500
📌 Note: It is important to wait for confirmation of the breakout or breakdown before entering any trade
⚠️ Disclaimer: This analysis is for educational purposes only and is not
financial advice.
