#CryptoTrading. #Signal🚥.

🧭 General context:$BTC

• Current price: $103,410

• Timeframe: 4H (4 hours)

• Main focus — on local triangle, channels and support.

📐 Technical analysis figures:

1. Symmetrical triangle (orange lines) — already broken down:

• Breaking the lower border of the triangle indicates a bearish scenario.

• The expected decline may correspond to the height of the triangle → potential target: ~$101,500 - $102,000.

2. Horizontal levels:

• Strong support: ~$102,400 (the price has been tested and held repeatedly).

• Strong resistance: ~$104,982 (former support, now resistance).

📊 Trend lines and channels:

🔸 Ascending channel (orange):

• The price has broken below the lower border of the channel - this is another signal of a potential decline.

🔻 Former descending channel (burgundy):

• There was an upward breakout on June 8-9, but now it is returning to the consolidation zone.

🔽 BBP (Bar Balance Power) indicator:

• Value: -1.561 - bears have an advantage.

• Most of the last bars are red, which indicates a decrease in buyer momentum.

• The strongest seller volume was observed on June 13-15.

🔁 Candlestick signals (BarUp/BarDn):

• There is currently a BarUp, but at support, which can be a false signal if it is broken.

• The last few BarDn candles confirm a decline.

🔮 Forecast / Scenarios:

📉 Baseline scenario (bearish):

• Breakout of support ~$102,400 → target $101,000–$100,500 (or lower).

• If selling pressure persists, we can test $100,426 (recent local bottom).

📈 Alternative scenario (bullish):

• Bounce from $102,400 with a break above $104,982 → recovery to $106,000–$107,000.

• A clear reversal with increasing buying volume is needed.

⸻

✅ Conclusion:

BTC is currently in a critical support zone. A breakdown of the triangle down, bearish signals from BBP and BarDn candles indicate dominance by sellers. But the ~$102,400 zone is holding, and as long as it is not broken, a short-term rebound is not ruled out.