✍️ Bitcoin Technical Analysis on 4-Hour Timeframe

✍️Price: $119,099
✍️Support: $114,724 - $116,000
✍️Resistance: $122,276 at recent high
✍️MACD: Macd line below signal line, approaching zero line
✍️RSI: In neutral zone, around 50

✍️Note:
Bitcoin price is testing resistance near $122,276 after a recent uptrend. It’s struggling to break through, with a potential bounce if it holds above $116,000. I’ll wait for confirmation above $119,500 for a long position, targeting $122,276, especially if MACD shows bullish crossover.

If it breaks below $114,724, consider a short with a target of $110,600.

✍️TO UNDERSTAND IMAGE IS GIVEN BELOW------$BTC