Price remains in a corrective structure after the recent bounce from the lower support near $80,500. The market is currently reacting below the daily resistance zone around $102,800, with internal “Z” wave possible. Key short-term support lies near $85,200–$88,000. As long as BTC stays below resistance, the structure favors a continuation toward lower targets, with a deeper move projected if support breaks. A strong reclaim above $102K would be needed to invalidate the short term bearish outlook.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Bitcoin $BTC 4H Chart Update:
Price remains in a corrective structure after the recent bounce from the lower support near $80,500. The market is currently reacting below the daily resistance zone around $102,800, with internal “Z” wave possible. Key short-term support lies near $85,200–$88,000. As long as BTC stays below resistance, the structure favors a continuation toward lower targets, with a deeper move projected if support breaks. A strong reclaim above $102K would be needed to invalidate the short term bearish outlook.