BTC/USDT 4H Analysis – Bullish Cup Formation 📈 BTC/USDT 4H Analysis – Bullish Cup Formation ☕🚀
🔍 Chart Overview:
The 4-hour chart of Bitcoin against USDT on Binance displays a clear "Cup" pattern, suggesting a strong bullish continuation setup. The price action reflects a rounded bottom forming after hitting a solid support zone.
🟣 Key Zones:
🔻 Support Zone: ~$101,000–$103,000
Strong buying interest was observed here with a sharp wick rejection, forming the bottom of the cup.
🔺 Resistance Zone: ~$110,000–$112,000
This area has acted as a historical rejection zone and now stands as the next major target for bulls.
📊 Technical Insights:
The price is gradually curving upward, respecting the rounded cup pattern, often a precursor to a breakout.
A clean break above the resistance zone may trigger continuation toward new highs, possibly above $112,000.
The price is currently at ~$107,700 and gaining momentum with higher lows forming consistently.
🎯 Price Projection:
📌 Target: $111,500–$112,000
📉 Invalidation: Break below the $103,000 support
💡 Conclusion:
If the bullish momentum continues and breaks past resistance, we can expect a powerful upside breakout. Traders should watch for volume confirmation near the resistance zone for potential entry or breakout trades.
📍Pattern in Play: Cup Formation
⚠️Watch for pullbacks before breakout attempts.
