Hello everyone, here is my breakdown of the current Bitcoin setup.
Market Analysis
On the 1H timeframe, Bitcoin continues to move inside a descending channel, maintaining a clear bearish structure.
After multiple tests and breakouts, the price is still unable to break through the Resistance Area around $110,700, which remains a strong supply zone.
Recently, we saw a fake breakout, followed by a return below the resistance area — confirming that buyers are losing strength. Currently, the price is forming a range near the Support Zone ($104,500-$105,000), which indicates a short-term consolidation phase before a possible next move.
My Scenario & Strategy
I expect that after the range is broken to the downside, BTC will continue its decline toward the Support Zone ($104,500). If this level fails to hold, the next potential target will be the lower boundary of the descending channel around $102,300.
However, a breakout and close above $110,700 would invalidate the bearish scenario and could indicate a shift in market structure.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
