BTCUSD 4HOUR TIME FRAME ANALYSISBitcoin/USDOKX:BTCUSDFX-CHART-BOSSOverall Structure & Trend Over the past several 4-hour candles, BTCUSD has carved out a series of higher lows around 116,500–117,000 and higher highs around 120,000–120,500, defining a gentle up-sloping channel. The current price (118,758) sits just above the middle of that channel, suggesting there’s still room toward the upper trendline before meeting heavy supply. Key Support & Entry Zone Primary support lies at 117,200–117,500 (the former swing high from three bars ago), which also aligns with the 50% retracement of the move up from 114,500 to 120,500. That zone offers confluence for the 118,758 entry. A secondary buffer sits at 116,849 (your stop-loss), just below the channel’s lower boundary—if price breaches here, the bullish structure would be invalidated.