Bitcoin’s 4-hour chart portrays a clear downtrend, originating from the recent high of $110,789 and descending to the $103,127 low. This timeframe reflects a classic bearish structure marked by lower highs and lower lows. The volume profile further supports this, showing peaks during large red candles indicative of panic selling or forced liquidations. Nevertheless, the price action around the $103,000 level hints at potential bottoming, with a break above $105,000 necessary to confirm any reversal. Failing to reclaim this level could result in renewed selling pressure.

$BTC

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