๐ BTC/USDT Quick Update โ Whatโs Coming Next?
๐ Timeframe: 4H | ๐ป Pattern: Descending Channel
๐ Structure Overview:
Bitcoin is still trading inside a descending channel, which means itโs in a controlled downtrend. Price recently bounced sharply from the demand zone (99.5Kโ101.5K) and now testing the channelโs upper resistance zone (106Kโ107K).
๐ง Next Move? Two Scenarios:
1๏ธโฃ Breakout Above 107K
โ If BTC breaks and closes above the channel, especially with strong volume,
โ It could trigger a bullish breakout, pushing price towards 110K+
๐ Short-term rally likely if breakout sustains.
2๏ธโฃ Rejection from 106Kโ107K
โ If price gets rejected from this upper trendline,
โ We may see another drop back to the 103Kโ101.5K support zone
โ ๏ธ This will be a short-term bearish move, especially if BTC fails to hold 104K after rejection.
โข ๐ผ Resistance: 106,000 โ 107,000
โข ๐ฝ Support: 100,000 โ 101,500
๐ No Trade Zone Until Confirmation
Avoid entering trades in between
Either wait for a clean breakout or clear rejection candle from resistance
๐ข Market Reaction Expected Soon โ Stay alert for a breakout or strong sell candle
Here to Buy $BTC