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.
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.