$BTC STRONG DUMP FROM $105K ZONE – BOUNCE OR BREAKDOWN NEXT?
$BTC/USDT is currently trading at $104,982, slightly down -0.32% after a sudden reversal from the $105,600 resistance area. The drop erased multiple green candles and brought price back to a critical intraday support level.
Key Levels:
• Resistance: $105,200 – $105,600
• Support: $104,900 – $104,700
Trade Setup:
Bearish Scenario
Entry: Breakdown below $104,700
Targets:
• TP1: $104,200
• TP2: $103,500
Bullish Scenario
Entry: Break above $105,600
Targets:
• TP1: $106,400
• TP2: $107,300
Stop-Loss:
• Long: Below $104,700
• Short: Above $105,600
$BTC printed a sharp rejection and is now hovering near key support. If bulls fail to defend $104,700, further downside may be swift. But a reclaim of $105,600 could revive upside momentum.