The technical analysis of Bitcoin on July 4, 2025, reveals a market characterized by high volatility and short-term uncertainty. Bitcoin is currently trading around $109,153, with a modest 0.08% increase over the past 24 hours. This subdued price movement, combined with technical indicators, suggests a consolidation phase or potential price correction. Based on chart data, Bitcoin remains within a long-term ascending channel, but short-term timeframes (4-hour and daily) show signs of weakening momentum. The RSI on the 4-hour timeframe stands at 43, indicating a lack of buying pressure. Similarly, the Williams %R at -66 is nearing oversold territory, reinforcing the possibility of a price pullback. Key resistance zones are currently located between 108,700 and 110,500, levels that have repeatedly capped upward price movements. A breakout above this zone could signal a bullish move toward 111,980. Conversely, critical support zones lie between 106,120 and 104,500, with an additional strong support level at 100,500, which has previously prevented further declines. Price action analysis indicates Bitcoin is forming a contracting triangle pattern on the 4-hour timeframe, which could lead to a significant breakout or breakdown. A break above the 110,500 resistance could trigger a new bullish wave, while a drop below 104,500 may push prices toward $100,500. Trading volume over the past 24 hours is $57.01 billion, reflecting high market activity, though a decrease from peak periods suggests waning bullish momentum. From a market sentiment perspective, the recent increase in short positions indicates bearish expectations among some traders, but this could potentially lead to a short squeeze if buying pressure intensifies. The short-term outlook for Bitcoin is neutral with a bearish tilt, pending a breakout above key resistance. Traders should closely monitor key levels and indicator signals for directional cues.