technical analysis of your Bitcoin (BTC/USD) 4-hour chart

Pair: BTC/USD

Timeframe: 4H

Current Price: ≈ 101,240

Trend: Downtrend within a descending channel

Main Zones:

Support Level: 98,000 – 100,000

Short-Term Resistance: 104,000 – 106,000

Major Target (Upside): 126,399

📉 Technical Outlook

Bitcoin continues to respect the descending channel drawn with parallel trendlines.

The price is now hovering near the lower boundary of the channel, close to the support level zone.

A potential bullish reversal may occur if this support holds, leading to a push toward mid-channel resistance (around 106,000).

📈 Bullish Scenario

If the support at 98,000–100,000 holds:

BTC could rebound toward 104,000 → 106,000 → 110,000.

A confirmed breakout above 110,000 may trigger a strong rally toward the main target of 126,399.

📉 Bearish Scenario

If BTC breaks below 98,000:

Expect further downside to 94,000 – 92,000, the next major demand zone.

This would confirm continuation of the descending channel trend.

⚙️ Summary
Aspect Bias
Trend Bearish (short term)
Key Support 98,000 – 100,000
Key Resistance 106,000 – 110,000
Long-Term Target 126,399 (if breakout occurs)
Short-Term Risk Break below 98,000 BTCUSD XLMUSD SOLUSD ETHUSD RPLUSD DOGUSD LTCUSD LNKUSD ADAUSD EOSUSD EOSUSD