Bitcoin analysis and expected near-term scenarios

Expected Bitcoin Movement

 

Bitcoin is moving in a clear sideways direction on the 4-hour chart.

So far, the movement is showing some signs of a consolidation process.

If successful, we are expected to see continued upward momentum in the medium term.

The consolidation scenario involves breaking through supply zones above

and closing above them with a 4-hour candle, specifically closing above the 121036 level.

In the event of an upward trend, targets are expected at the 123100 and 125000 levels.

The second scenario involves breaking through the current demand zones 

and closing below them, leading to a decline.

Specifically, closing below the 115731 level.

If a 4-hour candle closes below these levels, a decline is expected to the next demand zones,

shown on the chart, located at the 112094 level.

We are currently waiting, and it is preferable to enter after a candle 

with clear momentum appears, whether it breaks through

 supply zones or demand zones, for a safe entry.