Bitcoin 4H Update – Rejection from 112,000, Back to Support ZoneBitcoin faced rejection from the 112,000 resistance area and dropped back below 110,400, now trading around 109,500 inside the descending channel.
🔑 Key Levels:
Support: 109,000 – 108,200 – 107,000 – 105,500
Resistance: 110,400 – 112,000 – 113,600
📉 Trend:
The broader structure remains bearish. The recent bounce from 107,000 – 108,200 looks like a corrective move that failed to break out of the channel.
🎯 Scenarios:
📈 If Bitcoin reclaims 110,400 and holds, it may attempt another test of 112,000 – 113,600.
📉 Continued rejection keeps pressure on supports, with the risk of retesting 108,200 – 107,000.
✨ Update Note:
The rejection from resistance confirms sellers are still in control. Watch the reaction at 109,000 – 108,200 for the next move.
