๐ฅ $BTC at a Turning Point: Will Bulls Push Past 105K?
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๐ข Bullish Scenario โ Relief Bounce Continuation
โ Recent Bounce:
BTC rebounded strongly from the $98,200 support (lower Bollinger Band).
๐ RSI(6): 47.97 โ indicates recovery from oversold zone.
๐ MACD Histogram: Still negative, but contracting โ bearish momentum weakening.
๐ Resistance Levels to Watch:
Immediate Resistance: ~104,956 (mid-Bollinger band)
Breakout Target: ~108,812 (upper Bollinger band)
๐ผ If BTC closes above the mid-Bollinger band with strong volume,
a rally toward 108K+ is likely.
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๐ด Bearish Scenario โ Relief Rally Fade
โ ๏ธ Failure to Break 105K could lead to:
Retest of 101K
Potential drop to 98K again
๐ MACD & DIF/DEA: Still bearish โ no full trend reversal yet.
๐ซ Rejection near 105K + weak volume =
Bears may regain control.
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โ๏ธ Conclusion
๐ Short-Term Bias: Cautiously bullish if BTC holds above 101K
๐ Bearish Breakdown Level: Below 98K
๐ Key Bullish Trigger: Break and hold above 105.2K with volume