Technical analysis by ebadshafi89 about Symbol BTC on 6/4/2025

### 📌 **BTC/USDT – Crucial 4H Price Action Ahead!** 📌 BTC is currently navigating within an *ascending channel* pattern on the **4-hour timeframe**. Recently, we experienced a brief *fake breakdown*, quickly reversed by bullish momentum. BTC is now approaching the critical resistance level near **\$107.4k**. ### 🚩 **Key Levels:** * **Resistance:** \$107.4k (critical test) * **Immediate Support:** \$105k ### 📊 **Technical Indicators:** * **RSI:** *Neutral (\~50)* – Direction undecided, waiting for a clear move. * **MACD:** *Momentum weakening* – Indicates traders should remain cautious. ### 🔮 **Potential Scenarios:** * **✅ Bullish:** A breakout above **\$107.4k** would likely open the gates to higher targets around **\$109k–\$110k**. * **❌ Bearish:** A rejection at **\$107.4k** could trigger a move back toward support near **\$105k**, with potential further downside. ### 📢 **Summary & Trading Tips:** Watch closely for BTC’s reaction around **\$107.4k**. Confirm breakouts with additional signals from RSI and MACD to mitigate risk. **Trade carefully!**