Bitcoin
Short
Updated

BTC/USD (Bitcoin – 4h).

307
BTC/USD (Bitcoin – 4h, Bitstamp). It’s showing a bearish structure after breaking trendline support and multiple ChoCH (Change of Character) signals.

Key Levels on my Chart:

Current Price: ~110,716

Broken Support Zone: ~112,725 – 113,394

Target Point 1: ~106,000

Target Point 2 (extended): ~98,000


Technical Outlook:

Price has broken below the upward trendline and is now retesting lower levels.

The rejection from ~113K adds strength to the bearish momentum.

The Ichimoku cloud is bearish, with price trading below it.

My chart suggests a downside continuation, with first target ~106K, and if momentum continues, the next downside target is ~98K.


👉 Targets:

Short-term target: 106,000

Extended target: 98,000
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