BTCUSDT: Short Setup Active Below $110,700

[cryptobro]

Hello everyone, here is my breakdown of the current Bitcoin setup.

Market Analysis

On the 1H timeframe, Bitcoin continues to move inside a descending channel, maintaining a clear bearish structure.
After multiple tests and breakouts, the price is still unable to break through the Resistance Area around $110,700, which remains a strong supply zone.

Recently, we saw a fake breakout, followed by a return below the resistance area — confirming that buyers are losing strength. Currently, the price is forming a range near the Support Zone ($104,500–$105,000), which indicates a short-term consolidation phase before a possible next move.

My Scenario & Strategy

I expect that after the range is broken to the downside, BTC will continue its decline toward the Support Zone ($104,500). If this level fails to hold, the next potential target will be the lower boundary of the descending channel around $102,300.

However, a breakout and close above $110,700 would invalidate the bearish scenario and could indicate a shift in market structure.

That's the setup I'm tracking. Thank you for your attention, and always manage your risk.

[alex10]

Below $110,700, Bitcoin risks extending losses toward key liquidity zones around $108K.

[Nahid10]

Bears remain in control unless BTC reclaims resistance with strong buyer volume.