Bitcoin continues to trade inside a well-structured descending channel on the 1H chart. Price is currently consolidating around the support zone of 104,517 – 104,071. This area could act as a potential pivot point.
If bulls manage to break above the descending trendline, a move toward the 106,268 resistance level could develop. However, as long as the price remains within the channel, the bearish bias remains in play.
This idea focuses on observing price behavior near critical levels without offering direct trade signals. Always monitor volume and structure confirmation before making decisions.
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