🕯️ Candle Times: BTC/USDC
“Rising wedge + Fibo — BTC is at decision point”
Yesterday (1H & 4H):
BTC traded between 114,500 and 115,800 USDC, forming a rising wedge on the 4H chart. A candle with a long upper wick at 115.8k suggests rejection, but no strong selling followed. Market awaits breakout confirmation.
🔢 Fibonacci retracement (move: 100,000 → 122,000):
• 38.2%: 112,500
• 50.0%: 111,000
• 61.8%: 109,000
• 1.618 extension: 123,000–124,000
🎯 Key levels:
• Support: 114,500 / 112,500 / 111,000
• Resistance: 115,800 / 117,500 / 120,000
🔮 Forecast:
• Bullish: 4H close above 115.8k = target 118k–120k, possibly 123k
• Bearish: Break below 114.5k = drop toward 112.5k or 111k
Watch for breakout candles with volume confirmation.
