▫️#BTC (four-hour timeframe). Bitcoin did not reach the target level of $103,600 during the pullback, and a local bounce occurred at $104,300. Trading volumes are still below average, indicating the consolidation of the instrument; a breakout is usually accompanied by a surge in trading activity. However, the RSI has broken the descending trendline, which is an early signal of weakening bearish momentum.

The price is being held above the exponential moving average EMA 200 4H, indicating the preservation of a bullish foundation in the medium term. Over the last three trading days, most of the liquidity has accumulated in two zones: $103,200 and $107,000, according to CoinGlass. If buyers manage to hold Bitcoin above the trading level of $104,300 during the upcoming pullback, the asset will await a bullish impulse towards $107,000.