Bitcoin H1: The Price Action Forecast for the European Session on 4.11.2025

During the previous trading session, the price of Bitcoin decreased, moving in the main trend direction on the higher time-frame.
The support and resistance levels:
The support level is near the 104127.62 mark.
This level was formed by the Bullish Harami pattern. The pattern is represented with two Japanese candles, where the second one with a smaller real body is inside the body of the first one.
The resistance level is near the 111201.56 mark.
This level was formed by the Dark Cloud Cover pattern. The pattern consists of two candles: the first candle is long and white, and the second is black. The second one opens with a gap up and closes below the middle of the real body of the first candle.
Trading recommendations:
Despite the downward dynamics prevail on a higher time-frame, the long position should be prioritized intraday. The latest signal on the chart indicates the prevalence of the upward movement intraday.