$BTC USDT 4-hour chart analysis showing key support and resistance levels, along with potential breakout or breakdown scenarios.

Chart Elements Explained:

1. Orange Zones = Important support and resistance areas:

Top Zone (~120,800–121,800): Strong resistance zone.

Middle Zone (~118,400–119,300): Minor resistance or possible breakout retest zone.

Current Zone (117,200–118,300): Current price range/consolidation.

Lower Zone (116,400–117,100): Strong support zone.

2. White Arrows show two possible price directions:

Upward Move (Breakout): If BTC breaks above the orange circle area (resistance), it may move up toward ~121,800.

Downward Move (Breakdown): If BTC breaks below the current support, it may fall toward the white line (~115,000) or even lower.

3. Yellow Circle = Decision point or confluence zone:

This is a critical area where BTC will either break up or break down.

Traders are watching this closely for a breakout or breakdown signal.