BTC 4H – Key Support Areas Under Pressure💫🎯
Bitcoin is currently retesting the $107.2k level, which has flipped into resistance following a strong breakdown.
Important Support Levels to Monitor:
Upper Support Range: $105k – $104.4k
Lower Support Range: $101.4k – $100.7k
A rebound from the $104.4k–$105k area could offer a short-term bounce, but BTC must gain momentum to reclaim the $107.2k level convincingly.
Failure to hold the upper support could lead to a drop toward the lower range near $101.4k–$100.7k.
A clear bullish breakout would only be confirmed with a move above $110k, which previously acted as resistance.
The market currently shows signs of bearish pressure, with stronger selling activity at resistance zones. It's wise to stay patient—more favorable trade opportunities may arise depending on whether these key levels hold or break.
Pro Tip: Keep an eye on bullish divergences or spikes in volume near the lower support for signs of a potential reversal.
