$BTC BTC/USDT Analysis on 4-Hour Time Frame

The price is currently trading at $107,658 under a strong downward trend that has been tested more than 3 times,

making it a significant technical resistance.

A continuation of the decline is likely as long as the trend is not broken and closed above it.

Breaking the trend and stabilizing above $112,000 may open the way for a new rise towards $115,000 – $118,000.

We are still monitoring the price behavior near this resistance.