Technical Analysis (4‑Hour Timeframe)
🔺 Upper Trendline Resistance: BTC is touching the upper line of a descending channel—firm resistance around 107.5k–108k.
📉 Bearish Pressure: Failing to break out here could trigger a downward move.
🔻 Key Support: A decisive break below 99.5k–100k opens the path to 98k–95k, and potentially down to 92k if trend weakness...
Bitcoin in daily, weekly and monthly has closed well and has maintained the 59k-60k area, now we are at the resistance of 63.633k in bitcoin, we are retesting in this area, if we break this resistance of bitcoin, then we will have room to go to 66.680.
in the trendline we are going down but we are not able to say the resistance we have if we break down now then we have to drop to 59k and I think we will have a retest at 61k but more likely according to my idea I think that bitcoin is not able to break the resistance and I am very positive that we have to fall even below 59k, then our support will be at 52k
