Bitcoin continues to respect the descending channel on the 4H chart.
After rejecting the upper boundary near 112,300 – 113,600, price dropped back towards the 110,400 – 109,150 support zone.
Holding above this area could trigger a short-term bounce, while a clear breakdown may open the way to deeper liquidity levels around 108,400 – 107,000.
I’ll be watching closely for reaction at these supports before confirming the next move.
After rejecting the upper boundary near 112,300 – 113,600, price dropped back towards the 110,400 – 109,150 support zone.
Holding above this area could trigger a short-term bounce, while a clear breakdown may open the way to deeper liquidity levels around 108,400 – 107,000.
I’ll be watching closely for reaction at these supports before confirming the next move.
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