🔍 BTC/USD 4H Chart Analysis – Falling Wedge Setup
Bitcoin is currently trading inside a falling wedge pattern, which historically tends to resolve to the upside. The price is approaching a key support area near the wedge's lower boundary, with decreasing volume indicating a possible shift in momentum.
We are now watching for a potential bullish reaction from this level. A breakout above the wedge resistance may open the door for a move toward the 110K region.
📌 Key Levels:
- Wedge Support: ~104K
- Resistance Breakout Zone: ~107K–108K
- Upside Target if breakout confirms: ~110K+
⚠️ This is not financial advice. This is a technical analysis idea based on historical chart patterns and market structure.
Let me know your thoughts in the comments. Do you think BTC will bounce here?
#Bitcoin #BTCUSD #Crypto #TechnicalAnalysis #FallingWedge
Bitcoin is currently trading inside a falling wedge pattern, which historically tends to resolve to the upside. The price is approaching a key support area near the wedge's lower boundary, with decreasing volume indicating a possible shift in momentum.
We are now watching for a potential bullish reaction from this level. A breakout above the wedge resistance may open the door for a move toward the 110K region.
📌 Key Levels:
- Wedge Support: ~104K
- Resistance Breakout Zone: ~107K–108K
- Upside Target if breakout confirms: ~110K+
⚠️ This is not financial advice. This is a technical analysis idea based on historical chart patterns and market structure.
Let me know your thoughts in the comments. Do you think BTC will bounce here?
#Bitcoin #BTCUSD #Crypto #TechnicalAnalysis #FallingWedge
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.