๐จ $BTC โ STRUGGLING TO HOLD ABOVE $104K: IS A MOVE COMING? ๐จ
$BTC is showing signs of indecision as it hovers around $104,298 (+0.39%), caught between bullish recovery attempts and consistent resistance. The recent rejection from $106K has pushed BTC into a short-term consolidation range, with SAR dots flipping to the downside โ hinting at potential pressure in the hours ahead.
The 1H chart shows a classic lower high structure forming, while the Parabolic SAR is now positioned above the price (currently at $104,737), suggesting a bearish lean. However, strong buying interest around $103,600 keeps bulls in play. A clean break above $105K could reignite momentum โ but if $103K gives way, bears might take control.
๐น Trade Setup:
Entry (Long): $103,800 โ $104,200
TP1: $105,200
TP2: $106,500
TP3: $107,800
Stop-Loss: $103,200
๐ Watch for volume spikes and SAR flip confirmation before committing heavily.
