$BTC 1D

BTC continues to trade inside the broader monthly value area between $99,3K–108,6K, failing to establish any HTF acceptance outside of it. The recent rejection from the 105.5–106.5K VWAP cluster reinforces the idea of a capped market.

Key Zones:

Resistance: 104,015 (pMonth VWAP), 105,700 (16D CVAH), 106,675–107,315 (VWAP cluster), 108,650 (pMonth VAH)

Support: 103,576 (current price), 101,840 (16D CVAL), 101,055 (pQuarter VAH), 99,395 (pMonth VAL)

Scenario Path:

Bullish case: $BTC needs to reclaim 104–105.7K on a closing basis to invalidate the breakdown and aim for 107.3K and 108.6K. Without reclaim, buyers remain trapped under value.

Bearish case: Breakdown below 103.5K opens the door to a test of 101.8K → 99.4K, with momentum likely accelerating into the lower end of the range.