Bitcoin recently formed an Expanding Descending Triangle pattern on the 1H timeframe. The structure broke downside, showing sellers are currently in control.
📉 Price failed to sustain higher highs 📉 Strong breakdown from wave 4 → 5 confirms bearish bias 📉 Retest of resistance now acting as a rejection zone
---
🔍 Key Levels to Watch
🔻 Support: 112,800 – 112,600
🔻 Major Demand: 112,200 – 112,000
🔺 Resistance: 113,400 – 113,600
🔺 Bull Recovery Level: 114,000
---
🎯 What’s Next?
Base Scenario (High Probability): Bearish Continuation
A rejection from 113,400–600 can trigger next move down