From the upper limit of the channel, while the Friday rebound started from the lower limit.
As the weekend begins, the price returned to test the upper limit of the channel again, which warns of the possibility of a new short-term decline. However, as long as the level of $100,000 is maintained as psychological and technical support, every decline is considered a good entry opportunity for medium and long-term investors.
On the upside, breaking the level of $106,000 may give a signal to exit the descending channel and push the price towards levels of $110,000 and $112,000 — which could return Bitcoin to a new upward trend.
