🚨 Technical Analysis for Currency $BTC – 4-Hour Frame
🔸 The price is moving in a sideways range between 117K and 119K
🔸 The 20 and 50 moving averages are very close to the price = Volatility
🔸 The 200 moving average is below the price = Dynamic support
🔸 The RSI indicator is around 50 = Neutral momentum
🔸 The cloud is trying to create weak support above 117K
🎯 Positive Scenario:
– Breaking 119,500 and staying above it
– Targets: 121,000 – 122,800 – 124,500
❌ Negative Scenario:
– Breaking 117,500 with a candle close
– Targets: 115,600 – 114,000 – 112,000
📌 Note: Confirmation to enter after a clear break or breakout with appropriate trading volume.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.