$BTC – 4H Breakout: 118k Flipped to Support 🚀

[theSignalyst]

BTC just ripped through the $118,000 supply (green), converting it into support after a strong impulsive leg. This move follows a series of bullish reactions from the $107,500 demand (red) and ends the prior short-lived bearish channel.

Key levels

Support: $118,000 (fresh flip zone). Below that, $114k–$115k intraday, then $107,500 major demand.

Resistance: $121.5k–$123k intraday highs, then room toward the next extension levels if momentum persists.

Read

Structure: Impulse up → best setups usually form on pullbacks to the flip zone (118k) for a higher low.

Momentum: Strong breakout candle; look for shallow flags or retests rather than chasing wicks.

Scenarios

Bullish : Retest/hold 118k → continuation toward 121.5k–123k, with scope higher if buyers maintain control.

Bearish : Clean 4H close back below 118k → risk of deeper rotation toward 114k–115k; loss of that opens a path back to 107,500 demand.

Plan
I’ll look for longs on confirmation at 118k (HL / bullish 4H candle) or on a tight flag breakout. Invalidation for the setup is a sustained break back below 118k.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
Stick to your trading plan for entries, risk, and management.

Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr.