This 4-hour Bitcoin/Tether chart reflects a classic bearish structure that began after price reacted to the supply and resistance zone marked as SSS in the 106,000–108,000 range. The failure to break and hold above this area clearly confirmed buyer weakness, which led to a strong downward move. The presence of an FVG (Fair Value Gap) above the structure also indicates prior market imbalance, which contributed to the depth of the correction.
At present, after a sharp decline, price has reacted to a key demand zone between approximately 88,000 and 92,000, forming a short-term low around the 83,000–85,000 area. This region has acted as a significant support, from which the recent bullish reaction has started. The ascending trendline drawn at the bottom of the chart suggests that the market is attempting to build a corrective upward structure; however, it is still moving within a broader overall downtrend.
The most likely scenario, based on the projected path on the chart, is that price may first rise toward the resistance zone around 95,000 to 97,000. This area coincides with both a static resistance and a previous breakdown level. If price fails to break through this level, a pullback and renewed correction are possible. On the other hand, if this resistance is broken with strong momentum and price manages to consolidate above it, a more extended bullish move toward the 103,000–105,000 range could be expected.
Overall, the market structure is currently at a critical point. Price reaction around 95,000 and then 100,000 will be decisive for the next direction. Sustained consolidation above these levels could signal the end of the corrective phase and the beginning of a new bullish wave, whereas rejection from these zones may push Bitcoin back toward previous lows or potentially even lower. Therefore, risk management and waiting for clear structural confirmation are crucial in these conditions.
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