🪙 Bitcoin Under Pressure: The $104K Zone is Crucial
🔼 BTC Has Approached $104,000 — The Last Technical Barrier Before Potentially Updating the All-Time High.
🕯 The Upward Movement is Occurring Against a Backdrop of Decreasing Volumes — A Worrying Signal for Bulls: Is Momentum Losing Strength?
🗣️ The Main Trigger — News About New Trade Initiatives from the U.S., Now in Collaboration with the U.K. But...
🗣️ The Market is Extremely Sensitive to Geopolitics Right Now, and Further Price Behavior is a Matter of Rhetoric and Headlines.
🕯 From a Technical Perspective: BTC Has Broken the 1.618 Level on the Fibonacci, Entered a High Volume Area (VAH) and Weakened Resistance.
🗣️ It's Simple:
Either — We Establish Ourselves and Head Towards a New ATH,
Or — We Pull Back Locally Due to a Lack of Fresh Buys.
📊 According to CoinGlass, Main Liquidity is Still Below $100K — This is a Potential Target in Case of a Correction.
🗣️ Short Positions Above $104K — Are Sparse, Resistance is Weak.
🗣️ Further Direction Depends on Volumes and Reaction to Key Levels.
🗣️ If Bulls Don't Engage — The Market Could Short-Term Dip into the Liquidity Zone Below $100K Before Trying Again.
