BTC/USDT - Approaching a Key Decision Zone

The BTC/USDT 4-hour chart presents a promising structure, indicating potential bullish momentum in the near term. Here’s a breakdown of the key observations:

Support Zone (Highlighted in Purple):

The price is currently retracing toward a critical support zone near 96,000 USDT.
Historically, this area has acted as a significant pivot, and a bounce from this level could lead to a bullish continuation.
Bullish Trendline:

The ascending white trendline demonstrates strong bullish pressure, supporting the hypothesis of a potential upward movement.
A close above this trendline would confirm the continuation of the bullish trend.
Key Resistance Levels:

The first resistance is seen around 106,000 USDT, aligning with the short-term targets.
If BTC breaks this level with volume, the next target is projected around 108,800 USDT, as shown by the red arrow.
Bullish Scenario:

If BTC holds the purple support zone and the trendline, we might see a breakout above 100,000 USDT, confirming the bullish momentum.
Bearish Scenario:

Failure to hold the 96,000 USDT support could invalidate the bullish setup and push BTC toward the 90,000 USDT region.