#cryptotradingpro

Technical analysis on the $BTC /USD chart (4H)

1. Current situation:

• Price: $106,186

• Trend: Downward, but with signs of a short-term rebound after the local bottom (around $102,000–$98,000).

2. Key levels:

• Resistance:

• $106,385 – the nearest resistance, coincides with the upper border of the descending red trend channel.

• $108,000–$110,000 – strong resistance, previous peaks.

• Support:

• $104,982 – a horizontal level that the price has already tested several times.

• $98,240–$98,173 – a critical support zone (local bottom).

3. Figures and patterns:

• The ascending wedge (orange) was previously broken down.

• Triangle / consolidation - the break occurred down, after which the price gave a strong drop and rebound.

• The price is currently testing the important level of $106,000 from below, which may become a reversal point or a breakout upwards.

4. Indicators:

• BBP (BarBarPower):

• Started showing green histograms - a potential start of bullish power after a strong bearish phase.

• BarUp/BarDn signals:

• The last few candles - BarUp prevails, indicating a short-term upward momentum.

5. What to expect:

• If the price can consolidate above $106,200–106,400, the path to $108,000 opens.

• If it deviates from the current level, a return to $104,982 and even $102,000 is possible.

⚠️Brief conclusion:

🔹 Local uptrend after the drop, but the global trend remains bearish on 4H.

🔹 $106,400 is a key zone for a reversal or breakdown.

🔹 BBP supports a short-term rebound.