$BTC – Pressure Builds Below $105K

Bitcoin is trading at ~$104,450, down over 3% daily. Despite a minor rebound from the $102,664 support, momentum remains bearish on higher timeframes.

Key technicals:

MACD bearish on 1h/4h; slight 15m recovery lacks follow-through

RSI weak (14–42), suggesting no real buying strength

5-day net outflow: -4,936 BTC, with ~3,400 BTC pulled in last 24h

Volume spike during drop = panic sell behavior, not trend reversal

🔻 Trade idea (short bias)

Entry: 104,800–105,200

Stop-loss: 106,200

Take-profit: 102,700 — optional extension to 100,500

Risk-reward: ~1:2

Use tight risk control — weekend volatility and macro tensions could trigger sharp wicks. If BTC breaks above 106,200 with volume, exit short and re-evaluate.

📊 Not financial advice. For educational purposes only.