📉 Bitcoin Technical Analysis | Critical Support Zone in 4H Timeframe
Bitcoin is currently testing a major support zone at $101,126, but bearish pressure remains high.
⚠️ If bulls fail to hold this level and no strong candle closes above it, we could see a further drop toward the $97,769 and $96,475 support zones.
However, if Bitcoin manages to bounce from here and begins a recovery, make sure to watch the descending purple trendline – a key resistance level that could slow down the upside.
🧭 The support and resistance levels drawn on this chart are highly reactive zones — use them to plan your trades and set smart entries and exits.
👉 Follow for more clean and actionable setups on BTC, ETH, and major crypto pairs!
Bitcoin is currently testing a major support zone at $101,126, but bearish pressure remains high.
⚠️ If bulls fail to hold this level and no strong candle closes above it, we could see a further drop toward the $97,769 and $96,475 support zones.
However, if Bitcoin manages to bounce from here and begins a recovery, make sure to watch the descending purple trendline – a key resistance level that could slow down the upside.
🧭 The support and resistance levels drawn on this chart are highly reactive zones — use them to plan your trades and set smart entries and exits.
👉 Follow for more clean and actionable setups on BTC, ETH, and major crypto pairs!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.