Bitcoin is approaching a crucial zone on the 4-hour chart, where the next price reaction could help determine its short-term direction.
A rejection from resistance may trigger temporary selling pressure, while a strong breakout with clear confirmation could support another upward move.
đ Resistance Zone: $115,000 â $118,000
đ Support Zone: $112,000 â $109,000
đ What Traders Should Watch:
A clear rejection near resistance could signal short-term downside pressure.
A confirmed breakout may create a potential bullish opportunity.
Support reactions and trading volume will be essential for identifying market direction.
â ïž Trading Strategy: Avoid entering trades based on speculation. Wait for clear price confirmation, follow a disciplined strategy, and always use proper risk management.
đŻ Priority: Protect your capital, control your risk, and focus on quality setups instead of chasing market movements.
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