$BTC Bulls need to defend $103K… Or say hello to $99K again

#BTC/USDT 30-minute chart analysis

Bitcoin has completed a clear 5-wave Elliott impulse and is now forming an ascending wedge (abcde structure), which usually indicates a possible correction.

Key levels to watch:

🔴 Key bull level: $103,085 – must hold to maintain bullish structure

🟠 Support 1: $99,265 – break = deeper correction

🟡 Support 2: $95,965 – last stronghold for bulls

Outlook:

🔼 Break above the wedge = continuation towards $110K+

🔽 Break below $103K = expect a correction towards lower supports

Strategy:

➡️ Wait for confirmation. Break of the wedge = potential setup for a short trade.

➡️ Break = bullish continuation. Always manage risks wisely.

Be cautious, traders, and trade here$BTC