(BTCUSD) 4H Chart Analysis – Potential Bullish Continuation4H Bitcoin/USD Chart Analysis
📉 Current Price Action:
Bitcoin is currently trading around $110,956, showing a minor pullback after a recent upward push. Price is hovering just above a critical zone made up of:
⚫ Fair Value Gap (FVG)
🟫 4H Order Block (OB) around $110,413 – $110,001
📊 Technical Outlook:
📍 Retracement Expected:
The chart suggests a potential short-term retracement into the FVG and H4 OB zone. This area is a strong demand zone where buyers may step in. 📥
📈 Bullish Continuation Setup:
If price respects this zone and finds support, we can anticipate a bullish continuation 🚀 targeting the liquidity level around $113,372. This is a logical target as it's likely to attract price action (liquidity grab).
🎯 Key Levels to Watch:
Support Zone: $110,413 – $110,001 (FVG + OB) ✅
Resistance / Target: $112,960 and $113,372 🧲
Invalidation: Break below $110,001 may invalidate this setup ❌
📌 Summary:
Bitcoin looks poised for a bounce from the demand zone before making a move toward the liquidity above. Traders may look for confirmation signals (e.g., bullish candles) in the FVG/OB area for a potential long entry. 📊📈
🧠 Risk management is key—wait for confirmation!
