$BTC Market Update – Re-test phase is ongoing
#Bitcoin is currently retreating after reaching resistance near $105,800. Over the past 10-12 hours, the market has shown a slow but steady downward movement, indicating that the re-test phase is ongoing.
We may see BTC re-visit the key support area around $100,000. This level has been a strong demand area before and may act as a potential bounce point.
Price movement is fluctuating within a narrow range, and traders should remain cautious - wait for confirmation before entering any new positions. If $100,000 holds, bulls may return to enter the next phase.
Watch levels: • Immediate support: $100,000
• Resistance: $103,700 – $105,800
Stay patient - this phase is part of a healthy market structure.
Trading here at $BTC