📉 Bitcoin 4H Technical Outlook

$BTC is currently trading around $104.8K on WhiteBIT, moving sideways within a tight Bollinger Band range. After a clear downward structure from the $111.9K top, the market is showing signs of consolidation — but not yet reversal.

Bollinger Bands are narrowing → volatility compression, often a precursor to a breakout.

MACD remains in bearish territory, though the histogram shows momentum weakening.

RSI (14) at 46.88 → neutral-bearish zone, no oversold pressure yet.

📌 What to watch: a decisive break above $106K could trigger a short-term bounce. Rejection near the mid-band + MACD failing to cross = more chop or potential breakdown.

Support at ~$103.9K and ~$102.5K is key — break below and we revisit $100K psychological zone.

Cautiously bearish until momentum or volume confirms a reversal.

This is a wait-and-see zone. No need to chase moves — let the structure speak.

DYOR!