Technical analysis by hash_pro about Symbol BTC on 12 hour ago

Key Elements of the 4 Hours Chart: Current Structure : - Price is moving within a descending channel, potentially forming a bullish wedge. - Recent wick below support suggests a liquidity sweep before reversal. Order Blocks (OB): - Support OBs: - 112000 → Deepest block, aligned with wedge bottom. - 113000–112500 → Cluster of mid-level OBs indicating strong buying zones. - Resistance OBs: - 114700–122000 → Major supply zone where prior breakdown started. Liquidity Pools: - Downside: - Liquidity resting at 112784 (540.92M) — likely swept recently. - Upside: - 116132 (849.26M) and 117372 (1.81B) — attractive for market makers. These levels align with Fibonacci retracement zones and minor OBs. Fibonacci Confluence: 0.5 retracement at 118578.8 — a key level for mean reversion if the bounce continues. Potential Scenarios: 🟢 Bullish case: Rejection from wedge bottom + OB at ~112500 → rally to 116132 then possibly sweep 117372 before reacting at major OB (114700–122000). 🔴 Bearish invalidation: Breakdown from wedge → re-test 112000 OB → deeper drawdown to bullish wedge base around 110000–111000.