$BTC SHARP DUMP HITS $103K ZONE – CRUCIAL SUPPORT BEING TESTED!
$BTC is trading at $103,321, down -0.61% after a heavy rejection from the $104,400–$104,800 resistance band. The current drop to the $103,240 low has spiked volume to 581.85M, signaling panic selling—but interestingly, the order book remains heavily bullish with 75.54% bid strength, showing buyers are not backing down just yet.
Key Levels to Watch
• Resistance Zone: $104,400 – $104,800
A reclaim above this could send BTC back toward:
• TP1: $105,200
• TP2: $105,800
• Support Zone: $103,000 – $103,240
If broken, it could trigger a deeper move toward:
• TP1: $102,200
• TP2: $101,500
Trade Setup – Heavy Pressure, Watch for Reaction
• Bullish Entry: Above $104,400 with volume confirmation
• Bearish Entry: Below $103,000 with strong follow-through
• Stop-Loss: Below $102,800 for longs / Above $104,800 for shorts
BTC is currently at a decision point—bounce or bleed. With strong buyer presence still in place, this zone could provide a turnaround if defended well.