Bitcoin (BTC/USDT) 4H Analysis: Critical Support Test –(caption)

Feb 2

🚀 Bitcoin (BTC/USDT) 4H Chart Analysis (Feb 2, 2025) 📊
🔍 Key Observations:
1️⃣ Strong Support Zone (Red Box) 🛑

BTC is currently testing the $98,000 - $99,000 support zone.
This level has previously acted as a demand area, meaning buyers might step in.
2️⃣ 200 EMA (Exponential Moving Average) Resistance (Red Line) 📉

The 200 EMA at $100,718 is acting as dynamic resistance.
A break and close above this level would indicate bullish strength.
3️⃣ Key Resistance Levels 🚧

$100,718 (200 EMA Resistance)
$102,884 (Major Horizontal Resistance)
If price breaks these levels, next targets: $104,000 - $106,000.
4️⃣ Key Support Levels 🛠️

$98,000 - $99,000 (Current Demand Zone)
$90,000 - $89,184 (Next Major Support Below)
📈 Possible BTC Price Scenarios:
✅ Bullish Case (Price Bounces from Support) 🟢

If BTC holds above $98,000 - $99,000, a move toward $102,884 and higher is possible.
Breaking above $102,884 could trigger a rally toward $104,000 - $106,000.
Watch for volume increase & bullish candlestick confirmation.
❌ Bearish Case (Break Below Support) 🔴

If BTC breaks below $98,000, we could see a drop to $90,000 - $89,184.
A break below $90,000 could lead to further downside toward $88,000.
Watch for strong selling pressure & breakdown candle.
📊 Final Thoughts: BTC at a Critical Level!
🚨 Decision Point: BTC is at a key support level—will bulls step in, or will bears take control?

🔹 For Bulls: Need to reclaim $100,700+ for bullish continuation.
🔹 For Bears: Losing $98,000 could open the door for a drop toward $90,000.

👀 Keep an eye on price action & volume for the next big move!

🔥 What’s your bias? Bullish 🚀 or Bearish 📉? Let’s discuss!

Feb 3

Trade active

Nice call! 🎯 BTC broke support, hit the sell target, and now it's pulling back to retest the same strong support zone.

🚨 Now, the key question: Will it hold as support again or flip into resistance for another drop?

📉 Possible Scenarios from Here:
✅ Bullish:

If BTC reclaims 98K - 99K with strong buying volume, we could see a fakeout and a push back toward $100,700 - $102,884.
❌ Bearish:

If this retest fails and BTC gets rejected, it could confirm the breakdown and trigger a move to 90K - $89,184 next.
👀 Keep an eye on volume & rejection wicks! If sellers step in aggressively, we might see a deeper drop.

⚡ What’s your bias now—recovery or continuation down? 📊