Bitcoin has recently faced heightened volatility, with the price rejected near the $118K supply zone. The market now sits at a pivotal area where order flow and liquidity pockets will determine the next directional move.
Technical Analysis
By Shayan
The Daily Chart
On the daily timeframe, Bitcoin was rejected from the supply zone at $118K, which aligns with the descending channel structure.
After multiple failed attempts to sustain momentum above $120K, the price retraced sharply and is now hovering above the $111K–$110K demand zone.
This pullback also tested the 100-day moving average at $111K, a level that has consistently provided structural support, underscoring its significance. As long as Bitcoin holds above this demand cluster, the broader uptrend remains intact. However, a decisive breakdown here would likely expose deeper liquidity near $107K–$105K, where stronger demand is expected.
Source: TradingView
The 4-Hour Chart
On the 4-hour chart, Bitcoin shows the clear aftermat
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