🚀 Bitcoin 4H Analysis – Key Levels & Market Outlook

On the 4-hour chart, BTC is currently moving inside an Ascending Channel, forming higher highs and higher lows – a clear sign of bullish momentum.

🔑 Key Levels to Watch:

Immediate Support: $117,500

Major Support: $111,800 – $107,400

Immediate Resistance: $118,500 – $119,000

Next Strong Resistance: $124,800

📊 Scenarios:
✅ Bullish Case – If BTC holds above $117,500, the next upside targets are $120K → $122.5K → $124.8K.
❌ Bearish Case – A breakdown below $117,500 could lead to a correction towards $114K and possibly $111.8K.

💡 Trading Idea:

Entry Zone: $117,500 – $117,800 (after retest confirmation)

Targets: $120K, $122.5K, $124.8K

Stop Loss: $116,800

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