$BTC on the 1-hour chart is showing some potential signs of weakening.
After testing a high of 104,550.33, we're seeing a pullback to the current price of 103,967.30.
While the overall trend might still have bullish elements, the recent series of red candles suggests some selling pressure is entering the market.
The 24-hour low of 102,708.46 indicates that lower levels have been tested.
Traders should watch if this selling pressure intensifies and if key support levels are broken.
Remember to always conduct your own analysis and manage your risk appropriately.