๐ Bitcoin Technical Analysis | Critical Support Zone in 4H Timeframe
Bitcoin is currently testing a major support zone at $101,126, but bearish pressure remains high.
โ ๏ธ If bulls fail to hold this level and no strong candle closes above it, we could see a further drop toward the $97,769 and $96,475 support zones.
However, if Bitcoin manages to bounce from here and begins a recovery, make sure to watch the descending purple trendline โ a key resistance level that could slow down the upside.
๐งญ The support and resistance levels drawn on this chart are highly reactive zones โ use them to plan your trades and set smart entries and exits.
๐ Follow for more clean and actionable setups on BTC, ETH, and major crypto pairs!