#BTCUSDT 4H Chart Update 📈
BTC has surged to a high of $123,218, showing strong bullish momentum. Currently trading around $121,728 (+3.09%), price is finding support near the MA(7) – $120,485 on the 4H timeframe.
📊 Key Observations:
Price made a clear breakout from consolidation, backed by increasing volume.
Strong support lies at the 117,900 – 120,600 zone.
Holding above the short-term MA is bullish – eyes now on the 123.2K resistance for a potential breakout continuation.
🧠 If BTC holds above $120.6K, a retest of the highs and possibly new local highs may follow. A breakdown below that could lead to a healthy pullback.
📅 Volume and momentum remain strong – stay cautious, watch for confirmation candles.
