#BTCBackto100K — profit fixation or a new wave of growth?
BTC briefly broke $101.5K but immediately faced massive selling. The candle with a long upper wick on the 15-minute timeframe is a clear sign of market sell-off. RSI(6) has entered the overbought zone (71+), which often precedes a local pullback or consolidation.
The price remains above MA(7) and MA(25), which maintains a positive trend. However, without a retest of $101,500 accompanied by increasing volume, considering the breakout as genuine would be premature.
What to monitor:
Volume on the next candles (weakness = potential reversal formation)
Support zone $100,300–99,800 — critical for maintaining the uptrend
Holding MA(25) as dynamic support (around $99,700)
Intraday trading remains highly volatile — potential up to $102,500 remains, but only with a renewed high with momentum.