$BTC
📉 Let's look together at the current condition of BTCUSDT H1 & H4:
🔎 H1:
- Last price around 111,100, briefly touched a low of 110,484 meaning the lower support has been tested.
- Candle structure still shows lower low, lower high (trend remains bearish)
- MA(7) & MA(25) above the price (now a dynamic resistance)
🔎 H4:
- H4 is clearer: consistently down since rejection at 124,545.
- Now the price is close to the support area 110,500-110,000 (previous strong demand zone)
- Volume also increased during the drop (sellers dominant)
- If 110,000 breaks, the next target is 108,500-107,800.
But if it holds, there could be a technical rebound to 112,000 – 113,000 first
-------------------------------------
🎯 Potential Setup
📉 Bearish Scenario (main)
📍 Entry short: 111,200 – 111,500
🎯 TP 1: 110,500
🎯 TP 2: 108,500
🎯 TP 3: 109,800
⛔ SL: 112,200
📈 Bullish Scenario (countertrend/rebound)
Wait for confirmation of close H1/H4 above 112,000
📍 Entry long: 112,200 – 112,500
🎯 TP 1: 113,000
🎯 TP 2: 113,800
🎯 TP 3: 114.000
⛔ SL: 111,000
--------------------------------------
⚠️ So the conclusion:
Currently still dominantly bearish, but we are close to the demand area (110k).
If it bounces, it is only a short rebound, not a reversal.
---------------------------
