📊 $BTC 4h Chart Update
Bitcoin trades near $105K and moves inside a rising wedge just below the 50 EMA.
This structure often shows weakening momentum before a potential breakdown.
If confirmed, the wedge projects about 6% downside, targeting the $98.4K support zone — the same level marked on recent charts.
Watch the lower trendline for confirmation; losing it could trigger the short-term drop, while a reclaim above the wedge may invalidate the setup.
Bitcoin trades near $105K and moves inside a rising wedge just below the 50 EMA.
This structure often shows weakening momentum before a potential breakdown.
If confirmed, the wedge projects about 6% downside, targeting the $98.4K support zone — the same level marked on recent charts.
Watch the lower trendline for confirmation; losing it could trigger the short-term drop, while a reclaim above the wedge may invalidate the setup.