Bitcoin

BTC/USD 4H โ€“ Simple Price Action Analysis

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โœ… Break of structure: Price broke above the last lower high, showing a shift from bearish to bullish.

๐ŸŸฆ Demand zone: Price is now pulling back into a previous consolidation area (blue box), which could act as support.

๐Ÿ“‰ Current move: The recent drop seems like a correction. If buyers defend the $103,800โ€“$104,200 area, we could see another bounce.

๐Ÿ“ˆ Potential: If support holds, next targets could be around $107,000 or higher.


Watch for bullish candles near support to confirm a possible continuation.

Penafian

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