BTC Key Observations:
Price Action & Trend:
Last Candle: Closed at $102,690 (near the low of the session).
Range: High of 103,050∗∗→Low of∗∗103,050∗∗→Lowof∗∗102,690, showing rejection at higher prices.
Short-Term Trend: Bearish bias—price made a lower high (LH) and lower low (LL) in recent candles.
Support/Resistance:
Immediate Resistance: 103,050∗∗(today’shigh).A break above could target∗∗103,050∗∗(today’shigh).A break above could target∗∗103,750 (previous swing).
Critical Support:
102,188∗∗(nextkeylevel).If broken,we might see a drop toward∗∗102,188∗∗(nextkeylevel).If broken, we might see a drop toward∗∗101,568.
Volume & Momentum:
Volume spiked near the close (bearish pressure).
Price closed at the low—suggests sellers are in control.
RSI (if shown):
Likely near oversold (if <30), but in a downtrend, oversold can stay oversold.
🎯 What’s Next?
Bearish Scenario: A break below 102,500∗∗couldconfirmfurtherdownsidetoward∗∗102,500∗∗couldconfirmfurtherdownsidetoward∗∗102,188 or $101,568.
Bullish Reversal Needed: A push above $103,050 with volume could signal a short-term bounce.
What do you think? Are you seeing a reversal signal or expecting more downside? 👀
