$BTC Levels
Chart analysis is based on 4hour time period
Key Levels :
- R1: $94,150 (Critical Support)
- Dip Below R1: A sharp fall toward R2 ($90,790).
- R2: $90,790 (Major Support Zone; risk of further decline if breached).
- R3: $102,800 (Bullish Target if BTC rebounds from R1 and gains momentum).
Scenario Analysis:
Bullish Case:
1. If BTC rebounds from R1 ($94,150), it could rally toward $97,500 and eventually test R3 ($102,800).
2. Sustaining above $102,800 (R3) could lead to higher levels like $105,000+, indicating strong bullish momentum.
Bearish Case:
1. If BTC falls below R1 ($94,150), expect a sharp drop to R2 ($90,790).
2. A break below R2 ($90,790) could signal extended bearish momentum, potentially testing lower levels like $88,000 or below.
Neutral Case:
- Consolidation between $94,150 and $97,500 may indicate market indecision, with a breakout in either direction dictating the next trend.
Trading Strategy:
1. Bullish Entry: Enter only on a confirmed rebound from R1 ($94,150), targeting $97,500 and $102,800**.
2. Bearish Entry: Short below $94,150, with targets of $90,790 or lower.
3. Use tight stop-loss orders to manage risk in this volatile range.