📈 $BTC 105K crossed — is this just a relief bounce or the beginning of a comeback?

#BTCUSDT#CryptoMarket #BitcoinNews

Bitcoin has again closed above $105,000 today and is currently trading 3.6% higher.

Taking a look at the chart:

EMA 25 and EMA 7 are close to each other — i.e. price is in a confusion zone

RSI (57.92) is at mid-level — neither too overbought nor oversold

MACD is still in the negative but close to a crossover

Volume is slightly down, but STOK RSI is showing a slight recovery

📊 Could this be a bull trap or the next step towards $110K?

In my opinion, until BTC gives a strong close above $106K, it will be considered a short term rally.

📌 Traders should work with SL at this level.

👇 What do you think - the next target will be $110K or below again?

Comment and share the post 🙌