Hello traders,
After a weak rebound earlier this week, Bitcoin is showing signs of losing momentum as it continues to face rejection around the 110,000 USD zone. On the 4-hour chart, price action remains clearly within a descending channel, indicating that the short-term trend still favors the bearish side.
From a technical perspective, BTC is currently being capped by the EMA 34 and EMA 89, both acting as dynamic resistance levels. The recent bounce appears to be merely a technical pullback following the previous strong sell-off, but lacks the strength to establish new upward momentum. The price structure is forming a tight consolidation zone near the upper boundary of the channel — typically a signal of “a pause before continuation of the prior trend.”
On the news side – Policy and sentiment headwinds
This week, the FSB (G20) warned of “major gaps” in global crypto regulation — a negative sign for market confidence, especially after a massive mid-month liquidation shook investor sentiment.
At the same time, China’s tighter stance on stablecoins is raising concerns about slower Asian inflows, while institutional demand remains weak.
Together, these factors create a market environment of low buying pressure and rising risk, giving bears the upper hand in the short term.
Possible Scenario
At the moment, BTCUSDT is trading within the 106,000 – 110,000 USD range.
If the price fails to make a decisive breakout above 110,000 USD, a continuation of the correction toward the 100,000 USD area remains highly possible — aligning with the lower boundary of the descending channel and a key psychological support zone.
