#BTC

The last price on the chart is 109,649.8. For analysis, let's consider the candle and the general price movement on the 4-hour (4h) time frame.

Support and Resistance Levels Analysis by Chart:
Resistance Levels:

* Immediate Upper Resistance (Local Peak): The closest significant peak on the chart is 110,567.0, which is just above the current price. The price rose to this level but could not stay above it and pulled back. This acts as a strong short-term resistance.

* Further Resistance: If the 110,567.0 resistance is broken, a previous significant peak or a round number on the chart can be targeted as the next potential resistance level. Considering the scale of the chart, a past peak around 111,583.4 or a psychological level of $112,000 - $113,000 can be followed.
Support Levels:

* Immediate Lower Support (Moving Averages and Past Low):

* Moving averages such as MA5 (109,397.4) and MA10 (108,677.1) visible on the chart act as dynamic support levels. The price is currently above MA5.

* Levels where the price has previously broken out and consolidated also act as support. The chart shows 108,534.1 as a level that the price held before reaching 109,649.8. This level could be the first strong support point in the event of a pullback.

* Stronger Support (Important Past Low): If the 108,534.1 support is broken, a significant low or consolidation area on the chart could be targeted as the next strong support level. There is a clear bottom at 105,484.8 further down the chart, followed by significant support levels such as 102,435.5 and even 100,402.6.

Strategy with Support and Resistance Levels for Bitcoin (BTC) (Based on Price 109,649.8):
Buy Price (Current Price): $109,649.8
Strategy:
1. Take Profit (TP) Strategy:
* Target 1 (Short-Term): We can target just below the nearest strong resistance level of $110,567.0. For example, we can place a take profit order between $110,400 - $110,500. If the price reaches this level, you will realize your profit.
* Target 2 (Medium Term): If the $110,567.0 resistance is broken and sustained by strong volume, we can consider the next possible target just below the level around $111,583.4. For example, a second take profit order can be placed between $111,400 - $111,500. This will allow you to benefit from a larger price move.