BTC/USD 4H Chart ReviewBitcoin / US DollarCOINBASE:BTCUSDcryptodailyuk1. Growth channel (orange lines) • The price moves inside the growing channel. • Currently testing the upper part of this channel → potential resistance. 2. Horizers of support and resistance (red and green lines) • Support: • $ 111 632 • 110 019 $ (key support, breaking down can deny an upward trend). • resistance: • $ 113 255 (local, currently tested). • 115 197 $ • 117 416 $ (strong target resistance in the channel). 3. STOCHASTIC RSI (bottom of the chart) • The oscillator is in the bribe zone (80-100) → possible short -term withdrawal. • But - if the upward trend is strong, the indicator may remain in this zone for a long time. ⸻ 📊 Scenarios • Bull (continuation of the trend): • Benefinage above 113K and a breakdown of 115.2k → opens the road to 117.4k. • The growth channel acts as a guide - as long as the lower line is maintained, the upward trend continues. • Bear (correction): • Rejection from 113–115K with a simultaneous signal with RSI → decrease towards 111.6k. • If 111.6k falls, the goal is 110k. ⸻ ⚠️ Applications • The short -term market looks bought (Stoch RSI), so the correction cannot be ruled out. • medium -term - as long as the price stays in the growth canal and above 111K, the advantage is on the buyers' side. • Key level for observation now: 113K -115K. Breaking up = continuation, jet = correction.