🚩 Bitcoin bounces back slightly after a sharp decline — What awaits ahead?

After dropping to the $102,600 range last night, Bitcoin is currently experiencing a slight technical rebound around $103,500 - $104,000. However, this does not necessarily mean a trend reversal, because:

🔎 1️⃣ Macroeconomic pressure remains:

Geopolitical tensions in the Middle East, U.S. - Iran, Israel... have yet to cool down.

Inflation data and FED interest rates are causing a risk-off sentiment to prevail.

🔎 2️⃣ Weak liquidity:

Current recovery volume is not very impressive, mainly driven by short-covering and short-term buying.

🔎 3️⃣ Nearby resistance levels:

The $104,800 - $105,500 area is currently the nearest technical resistance.

If it does not decisively break through, BTC may test support at $102,000 - $100,000.

🔎 4️⃣ New momentum from ETFs & institutions?

BTC spot ETFs still have cash flow but are starting to slow down.

Large institutions are waiting for a more stable signal to enter new positions.

⚠ Sentiment to prepare:

Be cautious of FOMO during the slight rebound.

The price range below $100k, if it returns, will be an attractive long-term opportunity for those who are patient.

Tight capital management if trading short-term.

📊 Short-term reference scenarios:

Break above $105,500: may test the $108k - $110k range.

Failure at $104k: revert to test $102k - $100k.

🔥 This is still a time to be more alert than hasty.