$BTC USDT SHORT-TERM MARKET OUTLOOK 🔻
Price: $104,600.35
Timeframe: 1H
24h High: $106,252.00
24h Low: $104,471.88
🔍 TECHNICAL ANALYSIS:
• Trend: BTC is in a short-term downtrend, forming lower highs after the rejection from the $108,450 zone.
• Support: Strong near-term support was seen around $102,664, which triggered a bounce.
• Resistance: Price is currently struggling below $104,920–$105,000, showing weakness.
• Volume: Decreasing buying volume during recovery candles signals lack of strong bullish momentum.
• Candlestick Behavior: The market structure shows multiple rejections at resistance zones with shorter green bodies and longer upper wicks – signs of buyer exhaustion.
📉 BEARISH BIAS INTACT
BTC failed to reclaim the $106K zone, and with continuous lower highs forming, the bears are in control. Unless bulls push above $105,000 convincingly, BTC may retest the $103,647 or even $102,664 support levels again.
🧭 OUTLOOK:
• Bias: Bearish below $105K
• Next Support Zones: $103,650 → $102,375
• Invalidation Level (Bullish Flip): $106,250+
🔻 STRATEGY SUGGESTION:
If bearish momentum holds:
• Short Entry: Around $104,800–$105,000
• TP: $103,650 and $102,400
• SL: $106,300
📊 Summary:
BTC remains vulnerable to downside pressure as long as it stays below the $105K–$106K resistance zone. Volume and price action both support a short-term retracement outlook.