BTC/USD 4H Analysis – Potential Pullback in Play
Bitcoin ne recent price action mein ek strong bullish breakout dikhaya hai, jahan price ne ascending channel ke upper boundary ko todte hue 107,628 USD ka high touch kiya. Ye breakout resistance zone ke andar hua, jo historically ek strong supply area raha hai.
Key Observations:
Resistance Zone: 107,400 – 108,800 range mein major resistance maujood hai. Price ne is zone ko test karte hi rejection dikhaya.
Ascending Channel: Price ka structure ek clear rising channel mein tha, lekin breakout ke baad price ne overbought signal diya.
Support Level: 105,200 – 105,800 ka zone support zone ke roop mein act kar raha hai. Yeh previous consolidation area bhi tha.
Expected Move: Chart ke mutabiq, price ne 107,628 se rejection dikhaya hai aur ab correction phase mein ja sakta hai. Agar selling pressure continue karta hai, to next target 105,769 USD tak fall ho sakta hai – jo ki channel ka retest aur support confirmation ban sakta hai.
Potential Long Opportunity: Agar price 105,700 ke aas paas support dikhata hai, to wahan se bullish bounce ka chance hai. Ye level closely watch karne layak hai for long entries with confirmation.
Summary:
Resistance Breakout hua tha, lekin rejection mila.
Pullback likely towards 105,769 USD.
Buying interest expected near support zone.