Bitcoin is currently testing a strong supply zone near $104,000, as shown on the 4H chart. This zone has rejected price several times, suggesting institutional selling interest.
Key Levels to Watch:
Resistance Zone: $103,800 – $104,500 (supply zone)
First Support: $91,916 (previous range high)
Major Support Zone: $82,829 – $83,547 (confluence of historical resistance and visible demand)
Demand Zone Below: $76,800 – $82,800 (strong bullish base)
Analysis:
Price is consolidating near the resistance, forming potential distribution.
A break below $100K could trigger a liquidity sweep toward $91,916.
If momentum builds on the downside, expect buyers to step in near
83K - 
82K, the next high-probability demand zone.
Red arrows mark likely pullback zones if sellers dominate.
Events Ahead:
Upcoming US economic news (highlighted with icons) may trigger volatility.
Watch for volume spikes and bearish confirmation candles on lower timeframes before entering shorts.
Trading Plan:
Short Idea: Look for rejection patterns below $104K with targets at $91.9K and $83K.
Long Setup: Wait for bullish price action near82K demand zone.
Key Levels to Watch:
Resistance Zone: $103,800 – $104,500 (supply zone)
First Support: $91,916 (previous range high)
Major Support Zone: $82,829 – $83,547 (confluence of historical resistance and visible demand)
Demand Zone Below: $76,800 – $82,800 (strong bullish base)
Analysis:
Price is consolidating near the resistance, forming potential distribution.
A break below $100K could trigger a liquidity sweep toward $91,916.
If momentum builds on the downside, expect buyers to step in near
83K - 82K, the next high-probability demand zone.Red arrows mark likely pullback zones if sellers dominate.
Events Ahead:
Upcoming US economic news (highlighted with icons) may trigger volatility.
Watch for volume spikes and bearish confirmation candles on lower timeframes before entering shorts.
Trading Plan:
Short Idea: Look for rejection patterns below $104K with targets at $91.9K and $83K.
Long Setup: Wait for bullish price action near
82K demand zone.
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