Bitcoin 4H Update – Testing the Channel Resistance

Bitcoin bounced strongly from the 108,200 – 107,000 support zone and is now trading around 111,400, moving closer to the top of the descending channel.

🔑 Key Levels:

Support: 110,400 – 108,200 – 107,000 – 105,500

Resistance: 112,000 – 113,600


📉 Main Trend:
The overall structure is still bearish as long as price trades inside the descending channel.

🎯 Scenarios:

📈 A confirmed breakout above 112,000 – 113,600 would signal strength and open the way to 115,000 – 117,000.

📉 Rejection from this zone could send price back to 110,400 – 108,200.


✨ Update Note:
The market is at a decisive resistance area. Next move depends on whether Bitcoin can break the channel or gets rejected again.