📉 BTC Update: Is This the End or Just a Healthy Pullback?
On the 1-hour timeframe, BTC is holding strong at a critical support zone:
✅ 0.618 Fibonacci retracement (from local low)
✅ 50-EMA dynamic support
- The $104K–$105K zone is MUST-HOLD for bulls to regain momentum. If Bitcoin maintains this level, we could see renewed commitment for another push toward ATH.
🟢 Key Scenarios:
🔹 Bullish Case: Holding $104K–$105K could trigger a rebound toward $110K+.
🔹 Bearish Risk: Losing this support may lead to deeper correction (next support at $100K).
🤔 Are we seeing a dip before another leg up, or is this the start of a bigger pullback? What’s your take? 👇
