📉SHORT: $BTC by MyCryptoParadise (4H)

#BTCUSDT | #BTC | #Bitcoin

Current Price $108344.00

Market Cap $2158.25B

Change 1h -0.44% | 24h -4.23%

4-Hourly Indicators:

• RSI: 32 - Neutral 🟠

• MACD: -607 - Bearish 🔴

• EMA: 111758 - Trading Below 🔴

Analysis:

In this ultra-line frame BTC chart, the Elliott Wave Theory suggests we're near the end of an ABC correction. The channel hints at potential upside momentum. Also, keep an eye out for a possible Bitcoin CME futures gap that could influence market moves.

Price Targets:

If the correction wraps up, look for a rebound towards $115,000. Should it break down, support could be tested around $105,000. Keep those levels in mind as you trade!