📊 #BTC/USDT – Market Update (4H Chart)

⚡ Current Price: $117,416 (-1.3%)

📉 24h Range: $116,804 – $119,217

🔎 Analysis:

BTC dropped sharply from the $124,000 zone and touched $116,800 support.

Price is currently consolidating just above the 50 MA (yellow line).

RSI and momentum indicators are showing oversold conditions, hinting at a possible short-term bounce.

If bulls hold $116,800 support, we could see a retest of $119,000 – $121,000 levels.

However, a breakdown below $116,800 may push price towards $115,700.

📌 Key Levels to Watch:

Resistance: $119,200 – $121,200

Support: $116,800 – $115,700

💬 Do you think BTC will bounce back from this support or break lower? Share your views! 👇

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