$BTC – Testing Support After Sharp Pullback! Can Bulls Regain Momentum?
$BTC faced a strong rejection at the $107K resistance and is now retracing toward the key support zone around $104K. The Parabolic SAR dots flipped above the candles, indicating a short-term bearish trend on the 15-min chart. RSI is cooling off, and price action shows lower highs forming after the peak at $107,108.
Key Observations: • Resistance hit: $107,108
• Current support zone: $103,900 – $104,200
• SAR Trend: Bearish bias confirmed
• Volume: Still active but slowing on downside moves
Possible Trade Setup: • Entry (rebound setup): $103,900 – $104,200
• TP1: $105,600
• TP2: $106,400
• SL: Below $103,200
Stay alert for a bounce confirmation before entry. A break below $103,900 could trigger deeper downside toward $102K.
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