$BTC /USDT Analysis

Bitcoin is showing signs of recovery after several days of pressure. The price bounced from the key demand zone between $103,500–$104,500, forming a potential bottom right on the edge of the Ichimoku cloud.

Currently, BTC is testing the descending trendline. A breakout and confirmation above $106,500 may signal a bullish reversal with a possible move toward $108,000+.

However, without a breakout, the risk of further downside remains. The $104,000 zone continues to be a critical support for bulls.

Stay alert — the market is gearing up for a decisive move.