Price failed to reclaim broken support at $106.4k and continues to trend downward. Current level offers no long setup — the structure remains bearish with no confirmed reversal yet.
Key Zone:
🟩 Sweep Zone: $104.4k (H12 range low)
Watch this area for a possible liquidity grab and a higher timeframe trigger for long entries. This is a critical level — a bounce with confirmation could mark a reversal.
🚫 Break Below $104k → Invalidation
If the price closes below this zone, the bullish thesis is off the table. Risk of deeper flush increases significantly, with next supports well below.
🎯 Upside Targets (if reversal confirmed):
• $108.4k
• $112.4k
Plan:
No longs at the current level. Wait for a sweep of the range low and a strong reversal signal before considering entries. Reclaim of $106.4k would add confluence.
📌 Disciplined patience pays — no FOMO entries here.
