Bitcoin has pressure above and support below. If it wants to move up, it at least needs to form a small double bottom on the daily chart here. If it falls below 109200, we need to look at the next support at 101000.

Bitcoin daily double top structure, a significant volume drop effectively breaks below the neckline, followed by two low-volume rebounds, closing with a small bearish candle at 8 AM, indicating a stagnation signal. The 4-hour rebound presents a short selling opportunity, enter between 112000-112460, take profit at 109630-109145. Why can we short? Because the 4-hour chart has not formed a bottom structure yet and will likely test again. Why take profit here? Because the weekly support below has not been broken, there is a possibility of a false breakdown, experiencing narrow fluctuations over several daily candles before going above 120,000, as there might be news next month, and a significant drop is unlikely before a rate cut. $BTC