Price is compressing into a macro descending trendline, with recent strength off the $101.4k key demand zone. Structure shows potential for continued chop before a proper breakout or rejection decision is made.
🟩 Key Demand Zone: $101,300–101,800
• Previous strong reaction area
• Aggressive bids expected here again if retested
• Still valid while above — structure remains intact
📉 Trendline Resistance: ~$105.5k
• Critical compression point
• Watch for reaction here — breakout = bullish trigger
• Rejection = likely continuation of chop or lower retest
🔁 Playbook:
Rejection from trendline → range & chop → sweep demand
Clean breakout above = targeting $107k+
Deep flush back into $99–101k zone = buy opportunity
📌 Compression into major levels sets up explosive follow-through — either way, volatility incoming.
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