$BTC MAKES A STRONG COMEBACK – BUT IS THIS RALLY THE REAL DEAL?
$BTC is currently trading at $103,405.56, down -1.33% on the day. After dipping to a low of $102,000, buyers stepped in aggressively, sending the price as high as $103,755 before settling just below $103,500. Bulls are attempting to flip intraday resistance—but a lot depends on the next breakout or rejection.
Key Levels to Watch:
• Resistance Zone: $103,600 – $103,800
Price needs to break and hold above this level to confirm continuation.
• Support Zone: $102,800 – $103,000
Losing this range could bring back heavy selling pressure.
Trade Setup – Recovery Attempt Underway:
Bullish Scenario:
If BTC clears $103,600 with strong volume, next targets are:
• TP1: $104,200
• TP2: $104,800
Bearish Scenario:
Failure to hold above $103,000 could send price back to:
• TP1: $102,400
• TP2: $101,800
Stop-Loss Placement:
• Long Position: SL below $102,800
• Short Position: SL above $103,800
BTC has bounced sharply but is now testing a critical resistance zone. If bulls push through $103,600, we may see a fresh leg higher. Otherwise, rejection here could drag price back toward $102K levels. This is a key pivot zone—trade with tight risk management.