A quick reading of the current Bitcoin situation on the four-hour frame
The current price is trading above dynamic support and an important technical support
and within a strong support area.
If it closes above the price of 108600 and a strong green candle appears afterwards, it will be a bullish rebound targeting 109 and beyond.
However, if it closes below the support, there is a possibility of another correction downwards at 107.
In short, the price is currently trading in a very critical area.
Good luck