$BTC Overall Trend: 🔴 Bearish
Gold made a strong downward move, forming lower highs and lower lows. After reaching the lower area, price has bounced sharply, but the overall trend has not yet turned bullish.
🔴 Important Resistance
4,124–4,130: Immediate resistance / supply area
4,132: Intermediate resistance
4,137–4,140: Major red supply zone
→ A strong breakout and sustained move above this zone would be a stronger bullish reversal signal.
🟢 Important Support
4,117–4,120: Immediate support
4,110–4,112: Stronger support / recent swing-low area
A decisive break below 4,110 could lead to further bearish continuation.
📈 Bullish Scenario
If price holds above 4,124–4,130, the next targets could be:
4,132 → 4,137–4,140
📉 Bearish Scenario
If price gets rejected from resistance and falls below 4,117, a retest of:
4,110–4,112
could become possible.
🟡 Conclusion
Short-term recovery = bullish 📈
Overall structure = bearish/neutral 🔴🟡
A strong breakout and sustained move above 4,137–4,140 would be important for confirming a broader bullish reversal.
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