BTC support level repeatedly tested, weak rebound hides the risk of breaking Recently, Bitcoin has been moving like a fatigued boxer, swaying back and forth between $103,000 and $105,000 daily. Watching the fluctuations seems lively, but the actual range is less than 2%.

The bottom support level has been touched seven or eight times without breaking, but every rebound feels like it hasn't had enough to eat — yesterday it surged from $103,600 to $105,300 and was then smashed down, clearly the selling pressure above is suffocating.

From a technical perspective, the $105,000 - $106,000 level is the hardest to overcome. If one day it breaks out with volume, we can say it has turned strong in the short term. $BTC