Will BTC hold above $105K–106K..

The sell of is driven by several factors

1. Profit Taking as lot of retail investors were waiting for the BTC to make new all time high but they became frustrated as BTC has been rejected from 108K-110K many times.

2. Market is uncertain about interest rate hikes as Jerome Powell is adamant on not cutting interest rate till they assess impact Trumps tariffs. If they even cut interest rate that may not be significant to make big move.

3. It is a healthy market dip which is neccessary

4. The fall in the shares of tesla as investigation loams over Elon Musks subsidies.

My Honest Opinion...

BTC has closed below 50 ema and is testing it. Which could be sign of that heavy short term selling may take place and 102K or even 100K regions are possible. Till the dcision of Fed interest rate market is going to consolidate.