Bitcoin coil towards the 4-hour inflection point of the key – Breakthrough or collapse?
Bitcoin is approaching a critical turning point On the 4-hour chart, the recent price action began to tighten in a narrow range. The region marks a crucial junction that can determine the next step for BTC. As momentum gradually disappears and volatility compresses, this setting needs to be paid attention to whether it is bull’s recovery control or lowering the price.
Support and resistance areas are narrow to decision point
According to Atom B postal On X, Bitcoin has surpassed the downtrend line, a technical move that has been confirmed by two confirmed retests, marking a structural shift. But despite the breakthrough, BTC encountered strong resistance in the $108,500 and $112,500 regions, resulting in significant rejection.
As a result, the price has been returned and the $104,500 demand zone was retested, which is the level emphasized by Atom B, which is crucial for Potential optimism continues. This area usually acts as the basis for upward momentum, and how BTC’s behavior here determines the next directional bias.
If the Bulls successfully defend this area and print out higher low volumes, they can start the momentum upward, sending BTC back to the $108,000 and $112,000 resistance zones for another test. On the other hand, if $104,500 is not held, the next support is in $100,000, which could cause bearish pressure and greater corrections.
Bitcoin shows the strength of updates On the 8-hour chart, it found solid support on the lower boundary of the broad wedge pattern, Famous By WHALES_CRYPTO_TRADING. This technology setup usually increases the volatility of breakout movement.
After holding the lower edge of the wedge, bullish momentum is building, suggesting that BTC may be preparing for higher legs. If this momentum continues, the price can be targeted at the $108,000 level.
The same is true for Whales_crypto_trading reveal The Bitcoin is trying to rebound from the lower boundary of the triangle on the 4-hour chart, a key support area. Often, this structure is a continuation pattern that can lay the foundation for bullish reactions. If BTC manages a decisive rebound from this lower support, it is possible Triggering orientation $109,000 resistance level,
After the key bounces, buy walls to build under Bitcoin
As claim Through the CW, Bitcoin flashes bullish signals after the rebound. The buying wall has formed below the price, indicating growing demand and traders’ confidence in maintaining the upward trend of BTC.
In addition to bullish cases, the Morning Star Candlestick forms on the daily chart Signal before upward reverse. The emergence of this setting suggests that bearish momentum may be fading, leaving the Bulls open to higher levels. The point of the CW is that only one wall is still $110,800 if Bitcoin can break through At this level, it may continue to gather.
Featured Images from Getty Images, TradingView.com Charts
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