BTC - Bearish Channel Into Major Demand 🛡️📉➡️📈

[theSignalyst]

BTCUSD has been sliding in a falling channel and is now tapping the big demand zone, overlapping the rising trendline. The key shelf is $110K–$108K, with $107,500 as the line in the sand.

This area is key . If buyers defend it, I’ll look for a bounce toward $113.5K–$115K first, then $118K–$120K near the channel top .
If $107,500 breaks on a 4H close, bears likely push for a deeper sweep ($106K–$104K) before bulls try again.

What’s your move — buy the confluence at demand, or wait for a break of the orange channel before joining?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr