Technical Analysis (4‑Hour Timeframe)
🔺 Upper Trendline Resistance: BTC is touching the upper line of a descending channel—firm resistance around 107.5k–108k.
📉 Bearish Pressure: Failing to break out here could trigger a downward move.
🔻 Key Support: A decisive break below 99.5k–100k opens the path to 98k–95k, and potentially down to 92k if trend weakness persists
🔺 Bullish Scenario: If BTC closes above 108k on 4h, it could rally toward 110k–112k
binance.com investopedia.com binance.com
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Geopolitical volatility (U.S.–Iran/Israel tensions) drove BTC briefly below 99k, low of 98.2k, before bouncing back near 101.2k
Volume & momentum: RSI dropped with the dip; watching volume near critical levels like 107k–108k is key
🔺 Upper Trendline Resistance: BTC is touching the upper line of a descending channel—firm resistance around 107.5k–108k.
📉 Bearish Pressure: Failing to break out here could trigger a downward move.
🔻 Key Support: A decisive break below 99.5k–100k opens the path to 98k–95k, and potentially down to 92k if trend weakness persists
🔺 Bullish Scenario: If BTC closes above 108k on 4h, it could rally toward 110k–112k
binance.com investopedia.com binance.com
.
Geopolitical volatility (U.S.–Iran/Israel tensions) drove BTC briefly below 99k, low of 98.2k, before bouncing back near 101.2k
Volume & momentum: RSI dropped with the dip; watching volume near critical levels like 107k–108k is key
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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.