$BTC /USDT SIDEWAYS GRIND AFTER SHARP DUMP — MARKET AWAITS NEXT BIG MOVE
$BTC is currently trading around 104,994.70 USDT, showing modest recovery (+0.35%) after a steep drop from above 108K. The 1-hour chart reveals a classic bear-flag structure forming, with tight range-bound movement between 104,500 – 106,000 as volume gradually declines.
📊 Market Snapshot:
Current Price: 104,994.70 USDT
24H Range: 104,118 – 106,252
Volume: 13,510.79 BTC (1.42B USDT)
Momentum: Neutral to weak — bulls defending $104K but lacking strong follow-through
🔍 Technical Analysis:
Price tried to reclaim above 106K, but sellers remain active near local highs.
A breakdown below 104,000 could open room for 102,000 – 101,200 retest zones.
On the flip side, a clean hourly close above 106,500 may reignite short-term bullish momentum.
📈 Trade Setup (Next Move Focus):
Long Entry: Above 106,200
TP1: 108,000
TP2: 110,000
SL: 104,800
Short Entry: Below 104,000
TP1: 102,000
TP2: 100,000
SL: 105,400
🧠 Quick Take: $BTC is in decision mode. With volume thinning and volatility compressed, expect a sharp move soon — either a bullish reclaim of 106K or further downside expansion below 104K. Stay alert.
