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$BTC Market Update – The re-test phase is ongoing
#Bitcoin Currently retracing 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 revisit the key support area around $100,000. This level has been a strong demand zone before and may act as a potential bounce point.
Price action is fluctuating within a tight 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.
