🔍 BTC/USD 4H Chart Analysis – Falling Wedge Setup
Bitcoin is currently trading inside a falling wedge pattern, which historically tends to resolve to the upside. The price is approaching a key support area near the wedge's lower boundary, with decreasing volume indicating a possible shift in momentum.
We are now watching for a potential bullish reaction from this level. A breakout above the wedge resistance may open the door for a move toward the 110K region.
📌 Key Levels:
- Wedge Support: ~104K
- Resistance Breakout Zone: ~107K–108K
- Upside Target if breakout confirms: ~110K+
⚠️ This is not financial advice. This is a technical analysis idea based on historical chart patterns and market structure.
Let me know your thoughts in the comments. Do you think BTC will bounce here?
#Bitcoin #BTCUSD #Crypto #TechnicalAnalysis #FallingWedge
Bitcoin is currently trading inside a falling wedge pattern, which historically tends to resolve to the upside. The price is approaching a key support area near the wedge's lower boundary, with decreasing volume indicating a possible shift in momentum.
We are now watching for a potential bullish reaction from this level. A breakout above the wedge resistance may open the door for a move toward the 110K region.
📌 Key Levels:
- Wedge Support: ~104K
- Resistance Breakout Zone: ~107K–108K
- Upside Target if breakout confirms: ~110K+
⚠️ This is not financial advice. This is a technical analysis idea based on historical chart patterns and market structure.
Let me know your thoughts in the comments. Do you think BTC will bounce here?
#Bitcoin #BTCUSD #Crypto #TechnicalAnalysis #FallingWedge
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.