📉 Structure Overview: Bitcoin is still trading inside a descending channel, which means it’s in a controlled downtrend. Price recently bounced sharply from the demand zone (99.5K–101.5K) and now testing the channel’s upper resistance zone (106K–107K).
🧠 Next Move? Two Scenarios:
1️⃣ Breakout Above 107K → If BTC breaks and closes above the channel, especially with strong volume, → It could trigger a bullish breakout, pushing price towards 110K+ 🚀 Short-term rally likely if breakout sustains.
2️⃣ Rejection from 106K–107K → If price gets rejected from this upper trendline, → We may see another drop back to the 103K–101.5K support zone ⚠️ This will be a short-term bearish move, especially if BTC fails to hold 104K after rejection.