#CryptoTrading.

🔍 Overall picture$BTC

• The $BTC /USD chart is now entering a sharp decline after an unsuccessful attempt to break through the level of ~110,000.

• Current price: around 104,200, with a daily low around 100,426.

• A clear breakout of the ascending channel (orange structure), signaling a change in the local trend.

📉Key levels

• Against:

• ~106,860 - the first local resistance level, previously a support.

• ~108,123 - the next significant resistance, confirmed by the prices of previous highs.

• Supports:

• ~104,982 - an attempt to hold above this level, now the price is lower.

• ~104,600 - an intermediate research zone.

• ~100,426 - a critical level, a daily low; its breakdown can pull out a pack.

📊 Indicators and patterns

• BarDn / BarUp signals are actively being worked out — the last “BarDn” coincides with the peak of the decline.

• Supertrend indicator: the price is below the line — a signal to short.

• Ichimoku indicator: the price broke the cloud down — also a signal to weakness.

• Figure: the formation of the “Bearish Flag” pattern is possible, already with a breakdown down.

📈 Trend

• Medium-term (4H): a break in the uptrend, a transition to a bearish scenario.

• Short-term: low momentum, with the potential for another decline if there is no quick rebound.

📌 Probable scenarios

1. Bullish (less likely):

• Holding above 104,600–104,982.

• Rebound to 106,860 with a possible retest of 108,000+.

2. Bearish (prevailing):

• Consolidation under 104,600 → pressure to 100,426 and accordingly lower (to ~99,000–97,000).

✅ What to monitor

• Reaction to the level of 104,600.

• Volume — with an increase in volume at the 100,426 test, a stronger sell-off is expected.

• Will the price manage to return to the orange channel — this is a signal of weakness of sellers.

🔔 Summary: BTC on 4H looks weaker, broke the key support and is under pressure. The current trend is negative. Confirmation of further decline — breakdown of 100,426.