Currently, BTC is consolidating sideways at the 4-hour level, but the structure is unstable, and there is a high probability of a continued downward breakout. Recently, the high points have not surpassed previous highs, forming a "lower high" pattern, which indicates that the buying strength has significantly weakened.
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11.4 Xin Cheng Afternoon Bitcoin Market Analysis
Currently, BTC is consolidating sideways at the 4-hour level, but the structure is unstable, and there is a high probability of a continued downward breakout. Recently, the high points have not surpassed previous highs, forming a "lower high" pattern, which indicates that the buying strength has significantly weakened.
Trading suggestion: 105,000–104,500 range, target 103,600, 103,000