BTC LTF Update

$BTC recovered from the 99.4K monthly VAL and is now pressing into a dense resistance zone at 101.7K–101.9K (dWeek VAH, 16day CVAL). Acceptance above this zone could unlock a move to 103.9K–104K (pMonth VWAP + dYear VAH), but until then, risk of lower highs remains.

Key levels and structure:

Support: 101K (pQuarter VAH), 99.4K (pMonth VAL)

Resistance: 101.9K → 103.9K → 105.7K (macro pivot)

Bias: Still neutral. Bulls need to reclaim and hold above 104K to reverse the recent downtrend. Failure to hold 101K = local exhaustion - potential revisit of 99K or even 98K. Watch for selling tails near 104K.