$BTC
Testing Strong Support, Ready to Rebound to $106K?
📊 Technical Analysis (1h TF):
📌 Current Price: $104,326 (+0.15%)
📉 Strong tested support at $103,000 – $103,500
📈 Price attempting to rebound with gradually increasing volume
🔍 Technical Indicators:
MA(5) starting to cross up MA(10): potential short-term bullish
MACD showing momentum starting to neutralize, preparing to rebound
OBV still flat, meaning it needs confirmation of buyer volume
🔺 Resistance Targets:
R1: $104,900 (high 24 hours)
R2: $106,000 (major resistance)
🔻 Support:
S1: $103,750
S2: $103,000 (critical zone)
💡 Conclusion:
BTC is consolidating in a narrow range. If it can break through $105K with strong volume, the potential to continue to $106K is open. However, if it fails to hold above $103K, it could correct deeper.
