Bitcoin continues to trade within the descending channel on the 4H chart.
Price has now broken below the 110,400 – 109,150 support area and is testing lower liquidity around 108,200.
🔹 Bearish outlook:
If the breakdown holds, the next targets lie around 107,000 – 105,500, where deeper liquidity zones may provide support.
🔹 Bullish opportunity:
A quick recovery above 109,150 and a retest could trigger a bounce toward 111,500 – 112,300 as short-term relief.
Currently, momentum favors the downside, but traders should watch how price reacts at the 108,200 – 107,000 zone for potential reversal or continuation signals.
Price has now broken below the 110,400 – 109,150 support area and is testing lower liquidity around 108,200.
🔹 Bearish outlook:
If the breakdown holds, the next targets lie around 107,000 – 105,500, where deeper liquidity zones may provide support.
🔹 Bullish opportunity:
A quick recovery above 109,150 and a retest could trigger a bounce toward 111,500 – 112,300 as short-term relief.
Currently, momentum favors the downside, but traders should watch how price reacts at the 108,200 – 107,000 zone for potential reversal or continuation signals.
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.