BTC/USDT 4H Analysis: Bearish Breakdown or Rebound?

Feb 1

📉 Bitcoin (BTC/USDT) 4H Chart Analysis
🔴 Overview:

Bitcoin is trading at $101,847 (-0.22%) on the 4-hour timeframe.
The price is moving within a descending wedge/pennant pattern.
Key EMA (200): Currently at $100,781, acting as dynamic support.
📌 Key Levels & Analysis:

Resistance Zone (~$102,000 - $103,000): Price is struggling to break above this level.
Support Zone (~$97,500 - $98,500): A key demand zone where buyers may step in.
⚠️ Potential Scenarios:

Bearish Breakdown ⬇️
If BTC loses the $100,800 EMA support, a drop towards $98,000-$97,500 is likely.
The marked arrow suggests this bearish move.
Bullish Rebound ⬆️
If BTC holds above EMA 200 and reclaims $102,000, a breakout towards $104,000-$106,000 could follow.
🧐 Final Thoughts:

Short-term trend: Bearish bias unless price reclaims resistance.
Watch for a break below $100,800 for further downside.
RSI & Volume Confirmation Needed for stronger signals.

Feb 1

Trade active

Nice! 🚀 BTC is moving as expected toward $100,000—respecting the bearish scenario! 📉 If it breaks below the 200 EMA ($100,781), we could see further downside toward $98,000-$97,500.

Are you in a short position, or just tracking the movement? 🔥📊

Feb 2

Trade closed: target reached

Awesome! 🎯🔥 BTC hit all targets perfectly! 📉💰

Great trade! Are you looking for a new setup, or taking a break to enjoy the profits? 🚀💎