Bitcoin(BTCUSDT)–ResistanceRejection Setup|DownChannel structure

10 Eyl

Bitcoin (BTCUSDT) is still respecting its downward channel structure, with multiple CHoCH (Change of Character) and BOS (Break of Structure) signals along the way.

Resistance Zone: 113,500 – 114,000

Support Zone: 107,500 – 108,000

Price is currently trading around 112,226, just below the resistance area. If sellers step in strongly, a rejection could drive price back down toward the support zone.

A sustained breakout above resistance would invalidate this short-term bearish outlook.

Watch for rejection patterns around resistance before taking entries.

Bearish continuation is valid only if the channel remains intact.

Always apply proper risk management and stop-loss levels.

This analysis is for educational purposes only. It is not financial advice. Please do your own research before making any trading decisions.

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