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#Marketupdates Bitcoin continues to respect the $104.5k level (Monthly Open) as a key 4H support. This level was tested three times in yesterday’s price action, each time holding firm – a clear sign of short-term strength. We’re currently seeing reduced volatility despite the ongoing geopolitical tensions in the Middle East. However, any escalation – particularly involving the U.S. or its military bases – could quickly trigger a market-wide shakeout. As we approach the weekly close, my key levels remain unchanged: Support: $104.5k Resistance: $106.8k 📌 I’ll be closely watching to see which level breaks first — that will guide the next directional move.
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📊 #Marketupdates On the 4hr Bitcoin chart, price action is respecting the Monday range quite well: $110.4k (Monday High) is acting as firm resistance. $108.6k (Monday Low) continues to hold as support, with multiple successful retests in the past day. The $109k level (Weekly Open) is beginning to show signs of 4hr resistance too. To maintain bullish momentum, I’d like to see a clean break above the $109k zone soon. However, the longer we consolidate below it, the more likely we see a sweep of the $107k–$106.5k range. ✅ Strong start to the week in terms of trade setups — let’s see how things develop today!
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#Marketupdates Bitcoin remains in a tight consolidation phase, holding firmly above $103K on the 4-hour chart. Over the past four days, every 4H candle has closed above this level, confirming it as key support. On the upside, price faced another rejection near $106K, reinforcing $106.3K (Weekly Open) as significant 4H resistance. This level continues to cap any bullish momentum. Currently, the market is ranging between $102K - $107.1K (Monday’s range), and with prolonged sideways movement, a larger breakout is becoming increasingly likely. Outlook: A decisive break above $106.3K may trigger a run toward the ATH. A failure to hold $103K could open the door for a retest of sub-$100K levels. At this stage, the direction of the next major move remains uncertain — caution and patience are advised.
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