🚨 #BTC Fails to Break Resistance — Bigger Drop Ahead? 🧨
Bitcoin dips below $106,800 again as bulls lose grip. What’s next?
📉 Current Status: • Below $106,800 & 100-hour SMA
• Rejected at $108,800 — again
• Triangle forming, base near $104,200
📊 Support Zones to Watch: 🔻 $104,200 – Immediate support
🔻 $103,500 – Key level to hold
🔻 $102,500 – Crucial fail-safe
⚠️ If breached: BTC could retest $100K psychological zone
📈 Bounce Scenario: • Break above $106,200 = Recovery chance
• Targets = $108K, then $110K
• Fib Level: $106,200 is 50% retracement from $108.9K → $103.4K
📌 Tech Signals: • MACD → Still in the red
• RSI → Below 50 = weak momentum
• Bearish structure unless bulls reclaim $106.2K fast
💬 Final Take:
Bulls need a clean breakout above $106.2K — or risk further cascade.
Next few hours could define BTC’s short-term direction.