Bitcoin (BTC/USDT) is currently experiencing conflicting technical signals across different timeframes. On the 2-hour chart, Bitcoin shows a bullish structure within an ascending channel, with key support between 106,000 and 107,000 USDT and a breakout trigger at 112,000 USDT. However, the 4-hour and weekly charts indicate a sustained downtrend, characterized by lower highs and lows and persistent selling pressure. Critical resistance levels at 113,353.1 USDT, 116,985.7 USDT, and 123,424.6 USDT have repeatedly triggered reversals, marking them as optimal zones for short positions. The recent "outside week" candle and price action below the 200-period moving average and lower Bollinger Band on the weekly chart reinforce a bearish outlook, suggesting a higher probability of further downside. Volume analysis shows concentrated buying near support but diminishing participation on upward moves, indicating potential rally exhaustion if volume does not confirm breakouts above 112,000 USDT. Additionally, there is a growing consensus of a fundamental shift in Bitcoin's market dynamics, with projections of deeper corrections targeting 40,000–60,000 USDT, challenging the traditional four-year cycle narrative.