๐ก๏ธ Why $100,837 Could Act as the Next Support
According to Binance Square, weekly/daily support sits at $100,837, and continuing below this level may prompt additional bearish action .
This aligns with macro factors: geopolitical tensions recently pushed BTC down to ~$100,837 before a bounce .
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๐ Bearish Scenario: If $100,837 Breaks
Daily chart structure shows bearish trendsโdropped below key EMAs, bearish indicators, and 4H bearish setups .
In such a breakdown, Binance analysis suggests downside targets at $99,921, $95,823, $87,708, and $79,594 .
Likewise, the 4H chart signals further shorting could be pursued if $100,837 gives way .
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๐ Bullish Tech Reversal: What If It Holds
A hold and rebound from $100,837 could open a recovery toward the $102โ103K range.
If BTC climbs back above $104Kโ105K, consolidation could resume, and a rally toward $110K becomes more likely .
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๐ Summary Table
Scenario Trigger Target Levels
Bearish Breakdown Close below $100,837 $99.9K โ $95.8K โ $87.7K โ $79.6K
Neutral/Wait Trading between $100.8Kโ$103K Consolidation
Bullish Bounce Hold $100.8K + reclaim $104K $110K+ potential
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๐งญ Key Levels to Watch
**$100,837** โ pivotal support. A bounce reinforces a bullish reversal; a close below invites further selling.
**$104,000โ105,000** โ significant resistance zone. Regaining this area signals potential bullish shift.
**$106,525** โ noted as a 4H trailing-stop level on Binance ; staying above could reduce short-term risk for bears.
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๐งฉ Final Take
Bitcoin is at a critical juncture. A clean breakdown under $100,837 could lead to deeper losses toward $95K and below. But a firm hold and rebound might restore momentum, with the next upside test in the $104Kโ110K range.