$BTC

🔍 Technical analysis for Bitcoin (BTC/USDT)

📊 Time frame: 4 hours

💰 Current price: 119,669 USDT

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✳️ Technical points and professional analysis:

1. 📉 Sharp drop followed by limited rebound:

The currency witnessed a strong break below the 113,000 level after a sudden selling pressure, showing liquidation of positions or a strong support break.

The subsequent rebound came with clear volatility between 116,000 and 118,500 with failed attempts to breach this resistance.

2. 📊 Volume Profile Indicator:

The largest liquidity cluster (POC) is at the 118,000 level, indicating a price equilibrium point and fierce battle between buyers and sellers.

Any break above 118,500 could ignite a new buying wave 🔥.

3. 🔻 Decrease in liquidity with every rise:

The decline in trading volume during upward attempts indicates weak upward momentum, and the price is likely looking for a stronger bottom to launch from.

4. 📉 Short-term downward trend:

The overall trend is leaning towards temporary decline due to the price's inability to hold above 118,000.

The next closest support level is 115,000 – 113,000.

5. 💥 Potential bullish reversal:

If a Double Bottom pattern forms in the range of 115k–113k, we may witness a strong rebound targeting 120,000 initially.

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🎯 Suggested entry points:

✅ Partial buy entry at: 115,500 – 116,200 USDT

🎯 First target: 118,800 USDT

🎯 Second target: 120,500 USDT

🛑 Stop loss: 112,800 USDT

🔁 The trade can be reinforced if the price holds above 118,800 with strong volume.

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📌 Summary:

> Bitcoin is currently in a consolidation zone after a sharp decline. A break of 118,800 with volume will be a strong buy signal. Meanwhile, a break of 113,000 will lead to a new wave of decline.

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📢 Will you seize the opportunity? Share your predictions in the comments!

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