📉 Bitcoin at a decisive level!
After breaking the 108500 support, there is a likelihood of a drop towards the 106000 area if no quick bounce occurs.
H4 candles show a clear rejection from the recent resistance area, supporting a short-term bearish scenario.
✍️ My quick analysis:
Watched price action around resistance, noticed weakness in buying momentum + formation of reversal candles → expected a downward correction.
Technical indicators confirmed the pullback, especially with the horizontal support level being broken.
📉 Bitcoin at a decisive level!
After breaking the 108500 support, a drop toward 106000 is likely if no quick bounce occurs.
H4 candles show strong rejection from recent resistance, supporting a short-term bearish scenario.
✍️ My quick analysis:
Watched price action near resistance, noticed weak buying momentum + reversal candles → expected a downward correction.
Indicators confirmed the pullback with a clean horizontal break.
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