🕐 Timeframe: 4H | 🔻 Pattern: Descending Channel
📉 Market Structure:
Bitcoin continues to move within a descending channel, indicating a steady downtrend. It recently bounced sharply from the key demand zone (99.5K–101.5K) and is now testing the upper boundary of the channel at 106K–107K.
🧠 What Could Happen Next? Two Scenarios to Watch:
1️⃣ Breakout Above 107K:
→ A strong breakout and close above the channel, especially with high volume,
→ Could signal the start of a bullish move towards 110K or higher
🚀 Expect a short-term rally if the breakout holds.
2️⃣ Rejection at 106K–107K:
→ If Bitcoin faces resistance and gets rejected from this zone,
→ A drop back to the 103K–101.5K support area is likely
⚠️ A failure to hold above 104K may accelerate the short-term bearish momentum.
Key Levels to Watch:
• 🔼 Resistance: 106,000 – 107,000
• 🔽 Support: 100,000 – 101,500
🛑 Wait for Confirmation – No Trade Zone for Now
Avoid making moves until there’s a confirmed breakout or a clear rejection from resistance.
📢 Market is on the Edge – Stay Ready for a Sharp Move!