#bitcoin is showing a clear bearish structure on the 4H timeframe. After a distribution phase with consistent lower highs, price broke below the key 106K #support zone, which has now flipped into #resistance. Two sharp rejections at that level (red arrows) confirmed bearish momentum.

The breakdown led price directly to the downside targets at $103,557 and $102,261 — both aligning with previous structure. $BTC is now consolidating just below resistance. As long as this zone holds, sellers remain in control. A strong reclaim above 106K would be the first sign of a potential shift.