🚨 Quick Analysis – BTC/USDT | 4h Chart
Bitcoin (BTC) is moving within a short-term downtrend channel but trying to hold near the $114,000 region.
📉 Important Supports:
$112,000
$110,000
📈 Relevant Resistances:
$114,700 – $114,900 (strong barrier at the moment)
$116,800 (Fibonacci retracement region 0.618)
👉 Despite the current bounce, greater peace for the asset should only come with a close above $115,000, which would open up space for new highs.
👉 Losing $112,000 may increase selling pressure.
⚠️ Remember: graphical analysis is probabilistic — there are no certainties, only trends. Furthermore, this is not a recommendation to buy or sell, but a graphical analysis of the asset for study purposes.
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