technical analysis of your Bitcoin (BTC/USD) 4-hour chartBitcoin / U.S. dollarBITSTAMP:BTCUSDMR_NARCOS_ANALYSISPair: BTC/USD Timeframe: 4H Current Price: ≈ 101,240 Trend: Downtrend within a descending channel Main Zones: Support Level: 98,000 – 100,000 Short-Term Resistance: 104,000 – 106,000 Major Target (Upside): 126,399 📉 Technical Outlook Bitcoin continues to respect the descending channel drawn with parallel trendlines. The price is now hovering near the lower boundary of the channel, close to the support level zone. A potential bullish reversal may occur if this support holds, leading to a push toward mid-channel resistance (around 106,000). 📈 Bullish Scenario If the support at 98,000–100,000 holds: BTC could rebound toward 104,000 → 106,000 → 110,000. A confirmed breakout above 110,000 may trigger a strong rally toward the main target of 126,399. 📉 Bearish Scenario If BTC breaks below 98,000: Expect further downside to 94,000 – 92,000, the next major demand zone. This would confirm continuation of the descending channel trend. ⚙️ Summary AspectBias TrendBearish (short term) Key Support98,000 – 100,000 Key Resistance106,000 – 110,000 Long-Term Target126,399 (if breakout occurs) Short-Term RiskBreak below 98,000 BTCUSD XLMUSD SOLUSD ETHUSD RPLUSD DOGUSD LTCUSD LNKUSD ADAUSD EOSUSD EOSUSD