Bitcoin
Short

Bitcoin (BTC/USD) Range Breakdown in Focus Key Support at $93353

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"Bitcoin (BTC/USD) on the 4H timeframe is currently trading within a well-defined consolidation range, as highlighted on the chart. Price action has repeatedly tested the lower boundary of the range without a confirmed breakdown yet.

The chart illustrates a potential bearish scenario where a decisive break below the range support could trigger a move towards the next major support zone at 93,353.55 USD. A failure to hold this level may open further downside potential.

The Ichimoku Cloud shows a neutral-to-bearish bias, which adds weight to the possibility of a breakdown.

Key Levels to Watch:

Range Resistance: Around 108,000 USD

Range Support: Around 103,800 USD

Major Support: 93,353.55 USD

Current Bias: Bearish (unless price reclaims the upper range resistance)

Traders are advised to wait for a confirmed breakout before considering new positions."

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