$BTC — trying to recover, but pressure remains

Bitcoin bounced off the 100,305 zone and is now consolidating around 105K+. It looks like a classic relief rally after an overheated drop, but volume doesn’t inspire full confidence.

MACD is still green but slowing. Basis is unstable. Open interest is falling — traders aren’t rushing into fresh positions.

Long/short ratios still lean short, though the balance is gradually evening out.

My plan:

Long if we break above 105,800 with volume

SL: 104,300

TP: 107,000–108,000

Or short if price gets rejected again at 105,800

SL: 106,100

TP: 103,800–102,500

P.S. This feels like a pause between moves. The key is not to front-run the chart or try to catch falling knives.