@codecascade
BTC broke down from the minor ascending channel, triggering a pullback. Now, the price is hovering near the 108k demand zone, and the 4h long-term descending channel is also approaching its end.
With the short-term structure already in play, the next thing to watch is whether the higher time frame setup will follow through. If BTC can break out upwards from this 4h descending channel, the next target could be around 120k.
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