This article has been translated from English to Gen Z Slang.

Bitcoin yeeted itself lower (again) from the $117k area! 😬

Is this gonna lead to a bigger oof for the OG crypto? 🤔

We’re peeping BTC/USD’s 4-hour uptrend for any juicy deets! 👀

Bitcoin (BTC/USD): 4-hour

Bitcoin (BTC/USD) 4-hour

Bitcoin (BTC/USD) 4-hour Chart by TradingView

Bitcoin had a lit September, bouncing off $107k lows and sliding back up to the $117k hood. 🚀

But the $117k resistance is super sus, and with peeps already betting on Fed rate cuts, Bitcoin could be facing more gnarly pullbacks. 😬

FYI, price moves and wild swings are usually driven by the big picture, fam. If you’re sleeping on your research about Bitcoin and the U.S. dollar, wake up and check the economic calendar and peep the daily news! 📅

We think the $113k to $114k zone is probs gonna pull buyers since it aligns with the 200 SMA and key Fibonacci levels on the 4-hour chart. More hype: it’s near the bottom of an ascending channel pattern that’s cheering up BTC/USD’s September uptrend.

Epic candlesticks in the zone could open the gate for a trip back to $117k September highs, or maybe reach higher vibing points like $120k. 🔥

On the flip, if Bitcoin slips under the $113k feels-like-a-barrier area, a drip down to the $110k level from earlier this month might happen. 🚨

What’s your vibe? How far will BTC/USD dip before it catches a break? 😅

Whatever path you choose, remember to flex proper risk management and stay woke on top-tier events that might shake the market feels! 📈

Just a heads up:

The tech analysis deets here are for your info and lols. This ain’t investment advice, just one piece of the bigger trading pie. The setups mentioned are to show you potential spots other traders are eyeballing. At the end, trading decisions, risk vibes, and all that jazz are all on you. So trade like a boss, responsibly. 💼