๐จ $BTC
/ USD โ BOUNCE FROM DEMAND ZONE OR DEAD CAT? โ ๏ธ๐
After an aggressive dump from the $105,000+ range, $BTC found its footing around the $102,500 zone and is now reclaiming the $104,000 area. The chart shows price attempting to recover within the highlighted imbalance โ but is it sustainable?
๐ Key Observations โข ๐ฅ Sharp sell-off left a liquidity gap between ~$104,200โ$105,200
โข ๐งฑ Demand zone held around $102,500 โ $103,000
โข ๐ Retest in progress of the previous breakdown zone
๐ฎ If bulls can flip this level into support, we could see $BTC attempt to refill that liquidity void toward $105K+. But failure to hold this reclaimed level may lead to another leg down.
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