📊 Bitcoin (BTC/USDT) Technical Analysis – 4H Chart

🗓️ Date: June 8, 2025

🕒 Timeframe: 4-Hour (4H)

💰 Current Price: ~$105,500

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🔹 Market Overview

Bitcoin has recently bounced from a strong demand zone near $104,084 and is now testing a key descending trendline resistance. Price action is tightening, suggesting a possible breakout or rejection soon.

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🔍 Key Technical Highlights

📈 Trendline Resistance:

A well-respected descending trendline is being tested.

Last touched highs: $111,959 → $106,924 → current $105,500

Price needs a clean breakout to shift structure bullish.

🟩 Support Zones:

$104,084 – Immediate support (recent bounce area)

$101,244 – Major demand zone (critical for bullish sentiment)

$99,050 – Long-term structure support

🟥 Resistance Zones:

$105,500 – Current resistance (Trendline test)

$106,924 – Minor resistance above trendline

$109,764 & $111,959 – Key swing highs

📉 Previous Price Action:

BTC was in a clear downtrend since the peak at $111,959.

Recent structure shows a potential reversal attempt if resistance breaks.