📉 [BTC 1H] Potential Correction After Touching Supply Area
Bitcoin briefly rose and swept equal low ($$$) before touching the supply area at 106,439–105,808. A rejection candle appeared, a sign of rejection from sellers.
📉 Stochastic shows bearish divergence (price rises, momentum weakens), signaling potential correction.
➡️ As long as BTC remains below 106,439, the chance to drop to the area of 105,000–104,400 is still open.
However, if the price closes strongly above 106,439, the structure could change to bullish with a target of 107,200–108,500.
#BTCAnalysis #CryptoUpdate #PriceAction #BinanceSquare #DYOR
