đ BTC/USDT Market Update â 4H Chart Analysis đ
The Bitcoin market is showing signs of short-term bearishness after a sharp pullback from recent highs near $108,000. Here's a breakdown of the key zones and what traders should watch out for:
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đš Key Levels to Watch:
đč Resistance: $108,000 - $110,000
This zone saw significant selling pressure, pushing the price back down. A break above this could signal a bullish continuation.
đč Support: $104,270 (24h low)
If the price holds this level, we could see a bounce. If broken, the next support lies at $102,500, a critical zone for buyers to step in.
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đ Current Sentiment:
Short-Term: Bearish â ïž
The market has cooled off with a 2.08% decline and bearish candles suggesting sellers are in control.
Long-Term: Still Bullish đ
This pullback could be a healthy correction, setting up for another leg up.
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đ Trading Strategy:
đč Buying Zone: $104,000 - $104,300
This is a potential dip-buy opportunity near key support levels. If the price finds support here, bulls may regain control.
đč Stop Loss: Below $104,000 (around $103,800)
Protect your downsideâif this level breaks, sellers could push BTC to $102,500.
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đĄ Takeaway:
Right now, BTC is at a make-or-break level. Watch how the price reacts at support:
â Hold and bounce? Long for the next move up.
â Break lower? Sellers could dominate, and shorting opportunities may arise.
Whatâs your takeâare you buying the dip or waiting for confirmation? Letâs discuss! đ
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