#CryptoTrading. #Signal🚥. 🧭 General context:
$BTC • Current price: $103,410
• Timeframe: 4H (4 hours)
• Main focus — on local triangle, channels and support.
📐 Technical analysis figures:
1. Symmetrical triangle (orange lines) — already broken down:
• Breaking the lower border of the triangle indicates a bearish scenario.
• The expected decline may correspond to the height of the triangle → potential target: ~$101,500 - $102,000.
2. Horizontal levels:
• Strong support: ~$102,400 (the price has been tested and held repeatedly).
• Strong resistance: ~$104,982 (former support, now resistance).
📊 Trend lines and channels:
🔸 Ascending channel (orange):
• The price has broken below the lower border of the channel - this is another signal of a potential decline.
🔻 Former descending channel (burgundy):
• There was an upward breakout on June 8-9, but now it is returning to the consolidation zone.
🔽 BBP (Bar Balance Power) indicator:
• Value: -1.561 - bears have an advantage.
• Most of the last bars are red, which indicates a decrease in buyer momentum.
• The strongest seller volume was observed on June 13-15.
🔁 Candlestick signals (BarUp/BarDn):
• There is currently a BarUp, but at support, which can be a false signal if it is broken.
• The last few BarDn candles confirm a decline.
🔮 Forecast / Scenarios:
📉 Baseline scenario (bearish):
• Breakout of support ~$102,400 → target $101,000–$100,500 (or lower).
• If selling pressure persists, we can test $100,426 (recent local bottom).
📈 Alternative scenario (bullish):
• Bounce from $102,400 with a break above $104,982 → recovery to $106,000–$107,000.
• A clear reversal with increasing buying volume is needed.
⸻
✅ Conclusion:
BTC is currently in a critical support zone. A breakdown of the triangle down, bearish signals from BBP and BarDn candles indicate dominance by sellers. But the ~$102,400 zone is holding, and as long as it is not broken, a short-term rebound is not ruled out.