๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ง๐ฒ๐๐๐ $๐ญ๐ฌ๐ฏ๐ ๐ ๐ฎ๐ธ๐ฒ-๐ข๐ฟ-๐๐ฟ๐ฒ๐ฎ๐ธ ๐๐ฒ๐๐ฒ๐น โ ๐๐๐น๐น๐ ๐ก๐ฒ๐ฒ๐ฑ ๐ง๐ผ ๐ช๐ถ๐ป ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐๐ฒ๐๐
โ Bitcoin is retesting $103K, a critical price zone many traders call the โgolden line.โ
๐ BTC recently dipped below this level but is now trying to reclaim it โ and the daily close today will be key.
๐ Why Is $103K So Important?
The $103,000 level has flipped from support to resistance โ a common scenario in technical analysis. If Bitcoin closes back above it, the breakdown could be invalidated, and we may see a move back to $106Kโ$108K.
Butโฆ if BTC fails to reclaim this zone?
๐ We may see further consolidation or a dip back to $100Kโ$102K.
This level is acting as a stress test for bulls. Holding above it shows strength. Falling below it again may fuel short-term bearish sentiment.
๐ What Traders Should Watch:
๐ Bullish Scenario:
โ Daily candle closes above $103K
โ Targets open toward $106K โ $108K
โ Momentum shifts back to bulls
๐ Bearish Scenario:
โ BTC gets rejected again below $103K
โ May revisit $100Kโ$102K range
โ Consolidation or further downside likely
๐ฃ Final Word
Todayโs close could set the tone for the rest of the week. A reclaim above $103K would restore confidence and bring fresh buyers back in. But failure to close above could delay any upside moves.
โณ All eyes on the daily candle.