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📊 Analysis #BTC/USDT (4H)


Bitcoin is steadily rebounding, breaking away from the lower boundary of the expanding wedge 📉, forming a structure similar to a W-shaped rebound pattern 🔁.
📈 The current price is trading around $106,986, positioned between the wedge resistance and the Ichimoku cloud ☁️ The indicators confirm short-term bullish momentum:
The price has broken through the cloud.
Parabolic SAR shows an upward trend
Bollinger Bands expansion suggests an increase in volatility.
🚀 Breaking and stabilizing above $108,800 – $110,700 may confirm the continuation of a bull market, with a target of $111,800+🔻 If a pullback occurs, the key support level is in the range of $106,700 – $106,000, followed by $98,260.
⚠️ We are focusing on the breakout of the upper boundary of the triangle—confirmation will lead to a structural reversal and could bring strong upward momentum! #Bitcoin # BTC #CryptoAnalysis # PriceAction #Ichimoku # TradingView
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