Bitcoin
Long
Updated

BTCUSD 4 HOUR ANAYSIS

140
May be market bullish in up side.
🛠 Trade Setup :
Entry Around $107,000
Stop Loss ~$105,000–$104,000
Target ~$112,000
📊 Key Technical Elements

1. Falling Wedge Pattern (Bullish)
A clear falling wedge is visible between June 11 to June 23. Breakout occurred to the upside, which is a bullish signal. Price broke out with strong momentum, confirming buyers stepping in.
2. Support & Demand Zones
Support Area: ~$103,000–$104,000 — price bounced strongly from here. Demand Zone: Below $103,000 — marked as a last-resort buying interest zone.
3. Resistance Zone (Target Zone)
Resistance Area: ~$111,000–$112,000 — this is the target region. This area has previously acted as resistance and may again.


Trade closed: stop reached
our tp 1 is hit then sl hit sorry for sl .

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