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📊 BTC/USDT 4H Technical Analysis – Current Market Outlook
Bitcoin is currently trading around $108,700 after retesting the key support zone highlighted in blue on the chart. Over the past few sessions, price action has been consolidating within a well-defined range, creating a descending channel structure inside the broader consolidation box.
🔎 Technical Breakdown:
The market recently touched the lower blue support box (~107,900 – 108,200) and is showing signs of a potential bounce.
The descending channel suggests that selling pressure is slowing down, and the next bullish move could trigger from this support area.
If buyers step in strongly, the first resistance zone remains the upper blue box (~112,000 – 114,000).
Breaking above this zone could open the way toward 120,000+ targets in the mid-term.
⚠️ Risk Factor:
If BTC loses the lower blue support, we could see a deeper correction toward the 100,000 – 102,000 range. For now, bulls must defend this zone to maintain the short-term bullish outlook.
📌 Traders’ Tip:
Patience is key here — watch for confirmation of reversal patterns or strong bullish candles at this support level before entering. A clean breakout above the descending channel trendline can be a signal for potential upside momentum.
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