### 📌 **BTC/USDT – Crucial 4H Price Action Ahead!** 📌
BTC is currently navigating within an *ascending channel* pattern on the **4-hour timeframe**. Recently, we experienced a brief *fake breakdown*, quickly reversed by bullish momentum. BTC is now approaching the critical resistance level near **\$107.4k**.
### 🚩 **Key Levels:**
* **Resistance:** \$107.4k (critical test)
* **Immediate Support:** \$105k
### 📊 **Technical Indicators:**
* **RSI:** *Neutral (\~50)* – Direction undecided, waiting for a clear move.
* **MACD:** *Momentum weakening* – Indicates traders should remain cautious.
### 🔮 **Potential Scenarios:**
* **✅ Bullish:** A breakout above **\$107.4k** would likely open the gates to higher targets around **\$109k–\$110k**.
* **❌ Bearish:** A rejection at **\$107.4k** could trigger a move back toward support near **\$105k**, with potential further downside.
### 📢 **Summary & Trading Tips:**
Watch closely for BTC’s reaction around **\$107.4k**. Confirm breakouts with additional signals from RSI and MACD to mitigate risk. **Trade carefully!**
BTC is currently navigating within an *ascending channel* pattern on the **4-hour timeframe**. Recently, we experienced a brief *fake breakdown*, quickly reversed by bullish momentum. BTC is now approaching the critical resistance level near **\$107.4k**.
### 🚩 **Key Levels:**
* **Resistance:** \$107.4k (critical test)
* **Immediate Support:** \$105k
### 📊 **Technical Indicators:**
* **RSI:** *Neutral (\~50)* – Direction undecided, waiting for a clear move.
* **MACD:** *Momentum weakening* – Indicates traders should remain cautious.
### 🔮 **Potential Scenarios:**
* **✅ Bullish:** A breakout above **\$107.4k** would likely open the gates to higher targets around **\$109k–\$110k**.
* **❌ Bearish:** A rejection at **\$107.4k** could trigger a move back toward support near **\$105k**, with potential further downside.
### 📢 **Summary & Trading Tips:**
Watch closely for BTC’s reaction around **\$107.4k**. Confirm breakouts with additional signals from RSI and MACD to mitigate risk. **Trade carefully!**
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.