#CryptoTrading. #Signal🚥.

🔍 General context

• $BTC is in a descending channel (highlighted by green lines).

• Previous support near 104,982 (blue dotted line) was broken down.

• Current price: 102,948 USD, slightly above the local low of 100,945.

📉 Trends

• The global trend on the chart is bearish.

• The price is forming a series of lower highs and lows.

• A downward triangle break is noticeable (orange lines), which confirmed the continuation of the decline.

🔑 Key levels

• Resistances:

• 104,982 is the nearest strong level, now it has become resistance.

• 106,000–106,800 is the upper consolidation zone if 104,982 is broken.

• Support:

• 100,945 is a local minimum, an important level for bulls.

• Below is a risk zone with a possible decline to 98,000–99,000.

📊 Indicators

• The lower histogram indicator (probably BBP or similar) demonstrates the dominance of bears:

• Red bars – the downward momentum is still active.

• There is an attempt to grow (one green bar), but it is not yet convincing.

⸻———————

🔄 What's next?

• A sideways accumulation near 102,000–103,000 signals that the market is looking for a direction.

• A break below 100,945 will open the way to the psychological level of $100K and below.

• A break above the channel (green line from above) and a return to 104,982 is the first signal for a reversal.

⸻———————

📌 Conclusion:

• The current structure is bearish, but proximity to support may cause a rebound.

• Trading in the middle of the channel is risky, it is better to wait:

• A breakdown down (100.945) — for shorts.

• Or a breakdown of the channel and above 104.982 — for long positions.