Short

Analysis of the latest Bitcoin expected accurate signals

The 4-hour chart shows that the price is currently falling back to the EMA cluster support. The 20-day and 50-day EMAs are close to $117,496 and $115,454, respectively. However, the K-line chart is testing the 20 EMA below, indicating that the trend is weakening. If BTC breaks through the middle Bollinger Band of $118,800 and confirms the breakthrough, the next resistance level will be at $119,500, followed by $121,500. However, if the volume-weighted average price (VWAP) and the 20-day exponential moving average (EMA) are not recovered, the $114,800 to $115,000 range may be tested again. If it falls below this range, it may fall to $112,500, or even touch the demand range of $110,000 to $109,000.
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Note

This plan created a profitable signal as Bitcoin encountered resistance at 119,500 and began to retrace sharply.

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