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 $90,344.37 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: $109,152.76.
