BTCUSDT – Holding Steady, Signs of Recovery AheadBitcoin remains stable around $106,000, despite profit-taking pressure from ETF funds. Market optimism surrounding the potential reopening of the U.S. government and a cooling U.S. Dollar Index are providing solid support for overall sentiment.
On the 4H timeframe, price continues to fluctuate within a steady descending channel, with $107,200 acting as a strong resistance zone, while $101,300 serves as a key support level.
Each touch at the channel’s lower boundary has triggered a clear buying reaction, signaling that bulls are quietly defending the lower price range.
The current structure suggests that Bitcoin may experience a mild pullback before rebounding, continuing to move within the channel but with a slightly bullish bias.
As long as the $101,300 level holds firm, the mild upward trend remains intact — representing a typical accumulation phase before a potential breakout from the descending channel in the upcoming sessions.
