Technical analysis by GOLD_TRADERS_CLUB_RAZA about Symbol BTC on 9 hour ago

This chart shows **Bitcoin (BTC/USD)** on the **4-hour timeframe**, with a clear focus on price consolidation, key levels, and breakout potential. Here's a detailed breakdown: --- ## 🔍 **Chart Analysis Summary:** * **Asset:** Bitcoin / US Dollar (BTC/USD) * **Timeframe:** 4-hour (H4) * **Current Price:** **$112,405** * **Price Structure:** Ranging between support and resistance zones after a sharp drop. * **Key Zones:** * **Demand Zone (Support):** **$108,295 – $110,500** (gray box below) * **Supply Zone (Resistance):** **$116,319 – $118,585** (gray box above) --- ## 🧭 **Scenario Breakdown:** ### ✅ **Bullish Breakout Scenario:** * **Trigger:** Break and close above **$116,319** resistance. * **Potential Targets:** * **1st TP:** $118,585 * **2nd TP:** $120,865 * **Confirmation:** Strong bullish candle close above resistance zone with volume. * **Bias:** **Short-term bullish** if breakout occurs. --- ### ❌ **Bearish Rejection Scenario:** * **Trigger:** Rejection from the $116,319–$118,585 resistance zone and break below $110,500. * **Support Targets:** * **1st TP:** $108,295 * **2nd TP:** $105,873 * **Final TP:** $103,020 * **Confirmation:** Bearish engulfing or long rejection wick from resistance followed by breakdown. --- ## ⚖️ **Bias Summary Table:** | Direction | Trigger | Targets | Invalidated if | | ---------- | --------------------------------------------- | ------------------------------ | ------------------------------------- | | 🔼 Bullish | Break above $116,319 | $118,585 → $120,865 | Price rejected at resistance | | 🔽 Bearish | Drop below $110,500 + rejection at resistance | $108,295 → $105,873 → $103,020 | Price breaks and holds above $118,585 | --- ## 📌 **Current Market State:** * **Neutral-Bearish Bias** while below $116K. * Price is consolidating between zones — expect a strong move soon. --- Would you like a sample trade setup (entry, stop loss, target, risk/reward) for either the bullish or bearish case?