#CircleIPO

💸 BTC 💸

The price is fluctuating below the resistance of 106.5K, and above a weak demand zone at 104K – 103.5K without a strong breakout or rebound so far.

The momentum in RSI is neutral, but the MACD has started to slow down its rise — indicating the possibility of a return of selling pressure at any moment.

📉 What do we expect?

Re-testing the demand zone (EQL): between 104K – 103.5K.

Breaking this area will open the way towards levels:

100,800 – 101,000 USDT as immediate support. If the negative momentum continues, the most important target: 96,000 USDT (Fibonacci 0.382 + major demand zone on the daily timeframe).

📌 Summary:

The bearish scenario is currently the most likely with increasing weakness in momentum, and confirmation will be by breaking 103.5K.

🚫 Buying is not recommended at this time without strong reversal signals.