$BTC 4H future
2025-02-04
Category: None

Technical Analysis and Expected Price Movement:
This chart utilizes Gann Box and Gann Fan to analyze price structure. Currently, BTC is trading around 98,340.5 USDT, fluctuating within a mid-term corrective pattern. Based on technical data, the expected price movement is as follows:

Phase 1: A potential price correction towards 96,016.5 USDT, aligning with a key Gann level and the 0.618 Fibonacci retracement.
Phase 2: A rebound towards 98,601.3 USDT, which could act as an initial resistance.
Phase 3: Breaking this level and continuing the uptrend towards 100,945.6 USDT, located near the 0.5 Fibonacci level and a critical Gann fan resistance.
Phase 4: Reaching 103,229.9 USDT, which aligns with the Gann box overlap and a major static resistance level.
Key Levels and Possible Price Reactions:

96,016.5 USDT – Strong support; a potential bounce from this level is likely.
98,601.3 USDT – First resistance; breaking above it could signal a continuation of the uptrend.
100,945.6 USDT – A critical zone; surpassing this level increases the probability of reaching 103K.
103,229.9 USDT – The most significant mid-term resistance, where a breakout could lead to higher targets around 106K - 108K.
Conclusion:

If the price corrects to 96K, buyers are expected to step in, initiating a new upward wave.
A sustained move above 103K would indicate a continuation of the bullish trend towards higher resistance zones.