Kept the chart clean by focusing only on the main levels without overcomplicating it.
🔹 Support: 108,200 – 107,000 – 105,500
🔹 Resistance: 109,150 – 110,400 – 113,600
📉 Current Trend:
Bitcoin remains in a clear downtrend inside the descending channel on the 4H timeframe.
Momentum is still bearish as long as price trades below 110,400.
🎯 Opportunities:
Bullish scenario: A bounce from the 108,200 – 107,000 support zone could trigger a move towards 110,400 – 113,600.
Bearish scenario: A clean breakdown below 107,000 may open the way to deeper liquidity around 105,500 – 104,800.
Keeping it simple: watch support reaction before taking the next trade.
🔹 Support: 108,200 – 107,000 – 105,500
🔹 Resistance: 109,150 – 110,400 – 113,600
📉 Current Trend:
Bitcoin remains in a clear downtrend inside the descending channel on the 4H timeframe.
Momentum is still bearish as long as price trades below 110,400.
🎯 Opportunities:
Bullish scenario: A bounce from the 108,200 – 107,000 support zone could trigger a move towards 110,400 – 113,600.
Bearish scenario: A clean breakdown below 107,000 may open the way to deeper liquidity around 105,500 – 104,800.
Keeping it simple: watch support reaction before taking the next trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.