👀 MARKET ALERT (02/07): BTC Loses Support and Tests Critical Zone
The early morning confirms the selling pressure in the market. Bitcoin ($BTC ) was unable to sustain itself at higher levels and is now retreating to a crucial defense zone, being traded around $106,176.
The Most Critical Point for Today:
All market attention turns to the price reaction in the support zone between $105,100 (24h low) and $106,000. This is the battlefield that will determine the market direction in the short term.
✅ Reversal Scenario: If buyers aggressively defend this region, forming a bottom here, we may see a relief bounce throughout the day.
❌ Maximum Alert Scenario: Losing the support of $105,100, with a candle closing below this level, could accelerate the correction, paving the way for searches for lower bottoms in the $100k-$103k region.
The euphoria from the beginning of the week has been neutralized. Today will be a test of fire for the strength of buyers at the most important support. Caution is the watchword.