Will a key support break trigger more losses for BTC?

Bitcoin has entered a corrective phase after its recent historical maximum, with the price that is consolidated in the key supports and the data in the chain that show a greater profit taking. The feeling of the market is cautious, and the next movement will decide whether the recoil extends or begins a new bullish leg.

By Shayan

The daily table

BTC has broken down from its ascending channel after not being able to stay above the $ 124K brand, which leads to a correction towards the $ 110K support zone. The asset is currently being around this level, which is also closely aligned with the 100 -day mobile average, which makes it a critical area to determine whether the recent fall is only a healthy setback or the beginning of a deeper setback.

The rejection of the upper part of the point of the channel that the bullish impulse has weakened, and the vendors have taken more short -term control.

The RSI is also in 43, sitting below the neutral level of 50, confirming that the bassist impulse is at stake. If Bitcoin cannot return above $ 110K, the following key support is located near the fair value gap of $ 104K, followed by the $ 90K zone, which could act as important demand areas.

On the positive side, a successful claim of the $ 110K level could allow a rebound to the maximum of $ 117K and possibly test the $ 124K ATH again, although the impulse indicators suggest that buyers need a renewed force to push higher. The next few days will be decisive by showing whether BTC stabilizes or extends its correction even more.

The 4 -hour table

In the 4 -hour table, BTC has been running inside a descending channel after reaching the $ 124k peak. The asset recently found a lawsuit of around $ 108k and is now testing the average rank resistance about $ 110k.

The drawn curve highlights the gradual change in the structure of the market, which shows how the impulse has gone from a strong bullish trend to a series of lower and lower low ups and downs. This indicates a controlled setback instead of an acute breakdown, which suggests that the market is in a cooling phase.

The RSI has also risen above 50, now sitting at 56, showing a short -term improvement in the bullish impulse. If buyers manage to get out of the descending channel and recover $ 110K, could confirm a structural change towards bullish conditions, opening the door for another attempt of $ 117K.

However, if the price is rejected here, the fair value gap of $ 104K remains the next great support to see, where buyers can seek to defend aggressively.

Sail analysis

Adjusted sopr

The SAPR (ASOPR) Table adjusted shows how the profits and losses made of the results have behaved in relation to the Bitcoin price trend. Historically, sustained readings above 1 point out that investors are selling with profits, often during the upward phases, while persistent falls below 1 point to capitulation or losses that are made.

In this picture, the ASOPR has fought to stay raised during recent correction, with the lowest 30 -day EMA. This suggests that the proficiency pressure has exceeded fresh inputs, which has coincided with Bitcoin by going back from its maximums.

The key conclusion is that the market seems to be in a cooling period in which the holders are less willing to maintain volatility and, on the other hand, are obtaining profits. Every time ASOPR is rejected near or slightly above 1, it shows that the manifestations are sold instead of extending with a new demand. In general, the picture implies that the market remains vulnerable to greater corrective pressure.