Technical Analysis for BTC USDT Based on 4-Hour Chart
Pattern Overview
BTC is consolidating within the triangle, indicating that the market is preparing for a significant move.
The lower support zone aligns with historical buying interest and a possible higher low formation.
Long positions can be initiated near 90,345.35 or upon a confirmed breakout above 96,000.
Stop-Loss:
Place a stop-loss below 89,000 to minimize downside risk.
Profit Target:
Target 1: 109,150.70