⚠️ Bitcoin trapped in the channel: prepare for a new phase!
BTC continues to move within a descending channel. The recent pullback from the resistance zone of $110,400 confirmed the strength of the upper boundary, holding back the bulls.
At the moment, the market is squeezed in a wide range: $110,400 — $101,310. This is no longer just sideways movement — it’s an arena for traders fighting with different scenarios.
📉 What’s next?
The scenario with a correction to the middle of the channel looks increasingly likely. This is where the key Fibonacci levels 0.5–0.618 are located — the range of $104,300 – $102,800. This could become a temporary zone before the next impulse.
📌 We are watching for reactions in this area — it will indicate whether the market is ready for a new growth wave or will deepen the correction.
