Bitcoin is at a critical decision point as price hovers around the $109,000 zone on the 4H chart.
After a strong bullish recovery and a clean structure of higher highs, BTC is currently consolidating just below major resistance at $111,893. Price action is squeezing between dynamic EMA14 support and horizontal supply, indicating a potential breakout or breakdown.
Sell if 4H candle closes below $108,500 with body confirmation.
After a strong bullish recovery and a clean structure of higher highs, BTC is currently consolidating just below major resistance at $111,893. Price action is squeezing between dynamic EMA14 support and horizontal supply, indicating a potential breakout or breakdown.
Sell if 4H candle closes below $108,500 with body confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.