The upcoming Bitcoin movement
📉 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.
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.
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BTC
108,306.9
+0.01%