đŻïž Candle Times: BTC/USDC
âRising wedge + Fibo â BTC is at decision pointâ
Yesterday (1H & 4H):
BTC traded between 114,500 and 115,800 USDC, forming a rising wedge on the 4H chart. A candle with a long upper wick at 115.8k suggests rejection, but no strong selling followed. Market awaits breakout confirmation.
đą Fibonacci retracement (move: 100,000 â 122,000):
âą 38.2%: 112,500
âą 50.0%: 111,000
âą 61.8%: 109,000
âą 1.618 extension: 123,000â124,000
đŻ Key levels:
âą Support: 114,500 / 112,500 / 111,000
âą Resistance: 115,800 / 117,500 / 120,000
đź Forecast:
âą Bullish: 4H close above 115.8k = target 118kâ120k, possibly 123k
âą Bearish: Break below 114.5k = drop toward 112.5k or 111k
Watch for breakout candles with volume confirmation.
