@velvetsymphony

On the 4-hour chart, Bitcoin recently broke out of a descending channel, showing that short-term selling pressure has eased. It was followed by a rejection at the $113K level, sending the price back toward the $110K–$109K support band. The RSI is hovering slightly above 50, suggesting a neutral bias with room for either continuation higher or renewed weakness. As long as the $110K level holds, bulls may attempt another push toward the $113K and $117K highs. However, a decisive drop below $110K would likely invite sellers back in, with the $104K fair value gap as the next logical target.

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