🔍 4‑Hour Technical Analysis

1. Trend & Price Structure
BTC recently reclaimed the $100K+ range after a rebound from global geopolitical volatility .
On the 4‑H chart, there's a higher‑low structure along a rising trendline, indicating underlying bullish strength .
However, BTC is approaching a critical resistance zone around $101–102 K, which could trigger a pullback if not broken with volume .
2. Indicators
Bollinger Bands: Price is hugging the upper band (~$101 K), suggesting potential overextension. A rejection here could lead to a slide toward the band’s midpoint ~$99–100 K .
RSI: Around 58–60, neutral but leaning higher. Not overbought yet, but nearing that territory .
Stochastic RSI: At ~65; approaching overbought levels — a rollover could precede a short-term drop .
MACD: Slightly positive, though the histogram shows decreasing momentum—signaling possible slowdown in bullish momentum .
3. Key Support & Resistance
Resistance: $101,500–102,500 zone with notable sell pressure. A clean breakout above here could open the next leg up.
Support: Strong bids around $99,200–100,000 region. A drop below that exposes deeper support near $95–96 K .
4. Summary Setup & Strategy
🟢 Bullish bias as long as price maintains the rising trendline above ~$99K.
⚠️ Watch for rejection at resistance: could lead to pullback toward $99–100K.
📈 Watch volume: a high-volume breakout above $102K would be a strong bullish sign.
Potential plays (purely educational):
Long entry: on pullback to $99.2K if RSI dips toward 40 and Stoch shows reversal—target the $101.5–102 K zone.
Short/swing down: from resistance at $102K if RSI hits 70+ or Stoch turns down—target $99–100K.
---
🗞️ Broader Market Context
Bitcoin spiked above $100,500 as traders shrugged off recent Iran-related tensions .
Elliott Wave analysis sees BTC in a wave 2 corrective phase, with possible drop to the 50–61.8% Fib retracement (~$87–91 K) before the next leg up .
So, while the 4‑H chart shows a short-term bullish setup, the mid-term structure still hints at deeper correction zones.
---
✅ Final Take
Short term (4 H): Bullish, but caution at ~$102K resistance.
Watch indicators: RSI, Stoch RSI, MACD for signs of exhaustion or continuation.
Mid-term (~days/weeks): A deeper correction to the $90–95K range remains in play per Elliott Wave models.