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🚨 #BTC Quick Update (4H Timeframe)
Bitcoin is currently moving inside a rising wedge pattern and recently got rejected from the upper trendline near the $127K zone.
After that rejection, price has been showing clear weakness with lower highs forming on the 4H chart.
At the moment, BTC is approaching the wedge support area around $110K–$111K — this zone will decide the next major move.
📉 If BTC breaks below this support with strong volume, we could see a sharp correction toward the $106K–$103K zone.
📈 But if bulls defend the lower trendline again, expect a bounce back toward $116K–$118K for retest before next decision move.
🔸 Volume is drying up, showing a possible squeeze setup before a breakout.
🔸 Traders should watch $110K support and $116K resistance as the key decision zones.
BTC is in a neutral–bearish zone inside a rising wedge.
Next few candles around $110K will decide whether we see a bounce or a breakdown continuation.
#BROCCOLI LONG AT 0.029 - 0.027
SL - 0.025
TP - 0.031 - 0.033 - 0.035 - 0.037 - 0.040
Leverage 5-10x
⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Please manage your own risk before trading.
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Covid crash: $1.2 Billion in liquidations
FTX crash: $1.6 Billion in liquidations
Today: $19.16 Billion in liquidations
This is Biggest liquidation event in history of crypto and almost 20x bigger than the Covid crash of March 2020.
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COOKIE HIT SL
WILL RECOVER SOON
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