$BTC #BTC 🔍 General Technical Analysis (BTCUSDT.P)

Potential Scenario: "This is not financial advice''

Time Frame: 4 Hours
Current Price: 103,710 USDT
Shaded Ranges (Important Areas):

Supply Area (Resistance): 107,000 – 113,500 USDT

Demand Area (Support): 88,500 – 90,500 USDT

Note 1: General Trend

The overall trend on the chart is clearly downward, we see consecutive lower highs and lows.
The price is currently moving below the strong resistance area (between 105k and 107k), meaning the trend is still negative.
Sell Scenario (the stronger probability in the medium term):

If the price fails to exceed 104,000 – 105,000 USDT and strong rejection candles appear.

Sell Entry: at 103,000 – 104,000 USDT

First Target: 98,800 USDT

Second Target: 90,000 USDT (Main Demand Area)

Stop Loss: above 106,000 USDT
$BTC #Binance