#AnalysisBtc

This 4-hour $BTC /USDT chart shows a technical analysis with key areas marked for potential price action reversals.

Key Elements Explained:

1. Reversal Area (Around 118,200 - 118,500):

This zone is marked as a potential resistance.

Price is currently testing this level (118,017), suggesting that BTC may face selling pressure here.

Traders may look for short opportunities if bearish confirmation appears.

2. Retest Zone (~117,400 - 117,500):

This is a support zone after a recent breakout.

If price gets rejected from the reversal area, it may come down to retest this zone.

A successful retest could lead to another bullish move, while a breakdown may push price lower.

3. Reversal Zone (~116,000 - 116,500):

A lower support area where previous price reversals occurred.

If price breaks below the retest zone, it could head toward this level.

4. Devil Emoji (~114,800 - 115,000):

This likely represents a strong demand zone or a trap area where big players may accumulate BTC.

It aligns closely with the recent low of 114,711.9 marked on the chart.

Summary:

BTC is currently at a key resistance (Reversal Area) near 118,000. If it gets rejected, watch for support at the Retest zone and Reversal zone below. A clean breakout above 118,500 would invalidate the bearish outlook, while a rejection may signal a short opportunity.