BTC Breakdown or Bounce? Key Levels You Need to Watch!

BTC Breakdown or Bounce? Key Levels You Need to Watch!

#Bitcoin 4H Chart Analysis – SMC Overview:
BTC is currently in a short-term downtrend, respecting a descending channel and showing clear bearish structure.

🔴 Bearish Signs:
Price rejected from 2 major Bearish Order Blocks:
▶️ $106K–$104K
▶️ $111K–$109K

Breaks of Structure (BOS) and Change of Character (CHoCH) confirm trend shift to bearish Couldn’t hold the 0.382 Fibonacci level at $104.4K — now testing the 0.5 Fib at $102.2K

🟢 Key Support Zones (Potential Reversal Areas):
1️⃣ $100K Zone
 ✔️ 0.618 Fib level
 ✔️ Unfilled Fair Value Gap (FVG)
 🔍 Possible bullish reaction from here

2️⃣ $97K Zone
 ✔️ 0.786 Fib
 ✔️ Bullish Order Block (OB)
 ✔️ Another FVG
 💥 Strong confluence — good probability of reversal

3️⃣ $93K Zone
 ✔️ Deep Bullish OB
 🛡️ Last strong support if $97K fails

🔼 If bulls reclaim control: We need a clear CHoCH above $104.5K to confirm bullish shift

⚠️ Tip: Mark these zones. Use alerts. Let the price come to you — don’t force trades.

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