Overview: The current 4-hour chart for Bitcoin (BTC/USDT) presents a pivotal moment for traders and investors as BTC hovers around the $106,722 level. The price is sandwiched between critical key levels (KLs), with directional momentum hinting at an imminent breakout—either to retest recent highs or to drop toward deeper support zones. Let's delve into the technical setup, key levels, and potential trading scenarios.
Key Zones Identified
4H Recent High Zone (~$111,000 - $112,000): This zone marks the most recent local top on the 4-hour timeframe. A bullish breakout above this level would signal a continuation of the uptrend. Last 4H Up Key Level (KL) (~$106,700): BTC is currently testing this level. It acts as immediate support and is crucial for maintaining short-term bullish structure. 4H Up KL (~$101,500 - $103,000): A lower support area. If price breaks below the last 4H Up KL, this zone may act as the next major support.
Market Structure & Price Action Higher Highs and Higher Lows: The chart shows a clear structure of higher highs and higher lows leading into the most recent peak. Retracement & Consolidation: After the peak, BTC experienced a retracement and is now consolidating near the $106,700 support.
Potential Scenarios ✅ Bullish Scenario (Green Path) Trigger: A strong bounce from the Last 4H Up KL ($106,700). Target: Retest of the 4H Recent High zone around $111,000–$112,000. Confirmation: A higher low followed by bullish momentum and a break of interim resistance. Strategy: Look for long entries on bullish confirmation (e.g., bullish engulfing candle, strong volume breakout).
❌ Bearish Scenario (Red Path) Trigger: Breakdown below the Last 4H Up KL with strong bearish volume. Target: The 4H Up KL zone between $101,500 and $103,000. Confirmation: A lower high and sustained pressure below $106,700. Strategy: Short opportunities may present if price confirms below the KL with increased selling momentum.
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$XRP Long signal🔥🔥🔥 Entry: 2.33 TP: 2.44✅ SL: 2.29
ImmortalCryptoGod
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$XRP Long signal🔥🔥🔥 Entry: 2.33 TP: 2.44 SL: 2.29
Follow for more signals ❤️🔥 DYOR before open position✅
XRP is a digital asset and cryptocurrency created by Ripple Labs Inc. It serves as the native token for the XRP Ledger, an open-source, decentralized blockchain technology designed for fast and inexpensive cross-border payments.
Hello guys always take profit guys just a reminder and follow for more signal
ImmortalCryptoGod
·
--
$XRP Long signal🔥🔥🔥 Entry: 2.33 TP: 2.44 SL: 2.29
Follow for more signals ❤️🔥 DYOR before open position✅
XRP is a digital asset and cryptocurrency created by Ripple Labs Inc. It serves as the native token for the XRP Ledger, an open-source, decentralized blockchain technology designed for fast and inexpensive cross-border payments.