Bitcoin / TetherUS
Short

BTC 4H – Fib Rejection, But Is Another Leg Down Next?

219
BTC is pressing into a heavy confluence area: the macro downtrend line, the 50/100 EMAs, and the 0.5–0.786 Fib retracement zone. Price reacted cleanly from local supply and failed to close above the cluster of moving averages, keeping the 4H structure bearish.

The Stoch RSI is fully overbought and curling down, signaling weakening bullish momentum on approach into resistance. Unless BTC can reclaim the trendline with a strong impulsive close, this area favors a lower-high formation and continuation toward downside targets.

A confirmed rejection here opens a move back toward prior demand zones, while a break above the 0.618 would shift momentum toward deeper Fib targets and potentially challenge the trendline from above.

Key levels:
• Resistance: 93,826 / 97,010 / 101,543
• Support: Prior local demand under 90K
• Structure shift only if trendline breaks with volume

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