Hello everyone,
Bitcoin (BTCUSD) continues to trade within a clear bearish channel on the 6H timeframe. The market has respected both the upper and lower boundaries of this channel multiple times, forming a structured downtrend.
Currently, price is hovering around the support level near 108,000 – 109,000, which has acted as a demand zone in the past. We can also notice several CHoCH (Change of Character) and BOS (Break of Structure) confirmations, showing that bulls are attempting to defend this key level.
📌 Key observations:
Bitcoin remains inside the bearish channel, with lower highs and lower lows intact.
Strong support area is visible between 106,500 – 108,500.
A rebound from this zone could lead to a move toward 112,000 – 115,000 (channel resistance).
However, a decisive breakdown below 106,000 could accelerate bearish pressure toward 104,000 and beyond.
📊 Possible Scenarios:
✅ Bullish case: Bounce from support → potential climb toward upper channel resistance around 115,000+.
❌ Bearish case: Break below support → continuation of bearish channel toward 104,000.
This is a make-or-break zone for Bitcoin in the short term. Traders should wait for confirmation before entering positions.
This analysis is for educational purposes only and not financial advice. Always use proper risk management and trade responsibly.
Bitcoin (BTCUSD) continues to trade within a clear bearish channel on the 6H timeframe. The market has respected both the upper and lower boundaries of this channel multiple times, forming a structured downtrend.
Currently, price is hovering around the support level near 108,000 – 109,000, which has acted as a demand zone in the past. We can also notice several CHoCH (Change of Character) and BOS (Break of Structure) confirmations, showing that bulls are attempting to defend this key level.
📌 Key observations:
Bitcoin remains inside the bearish channel, with lower highs and lower lows intact.
Strong support area is visible between 106,500 – 108,500.
A rebound from this zone could lead to a move toward 112,000 – 115,000 (channel resistance).
However, a decisive breakdown below 106,000 could accelerate bearish pressure toward 104,000 and beyond.
📊 Possible Scenarios:
✅ Bullish case: Bounce from support → potential climb toward upper channel resistance around 115,000+.
❌ Bearish case: Break below support → continuation of bearish channel toward 104,000.
This is a make-or-break zone for Bitcoin in the short term. Traders should wait for confirmation before entering positions.
This analysis is for educational purposes only and not financial advice. Always use proper risk management and trade responsibly.
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.