$BTC
BTC USDT Technical Analysis
The price $BTC is approaching $105,000, showing the first signs of a positive correction after the recent rise towards the $106-107 thousand range.
On the chart, we clearly see that the upper supply area (around $107 thousand) triggered a reaction, causing the price to drop towards the demand area between $104.3 thousand and $104.6 thousand - where the last change in market structure (CHoCH) occurred.
Key Observations:
The structure remains bullish as long as the price stays above $104 thousand.
A retest of the demand area (the green block) may provide additional liquidity for the upward move.
Failure to hold at this level could open the way towards the $102 thousand and $101.5 thousand areas, where deeper liquidity exists.
Short-term Outlook:
The market is experiencing calm after a strong wave - this is not a reversal yet, but a potential accumulation phase before continuation.
If the price $BTC bounces from the $104 thousand level, expect another test between $106.5 thousand and $107 thousand in the upcoming sessions.
