The chart behaved exactly as expected. Sideways compression, no bounce from 105k, and now it’s sliding again. RSI sits at 46 with no drive. MACD weakens further. Stoch is curling downward. Still no signal, no momentum, just erosion in slow motion.
Large wallets are net sellers. That +250 BTC inflow in the last 24 hours wasn’t accumulation. It was a reset. Volume confirms the story. No real pressure upward, just a passive grind that ended where it started.
If it can’t hold 104.8k, next major support sits closer to 103.5k. Upside is capped unless new buyers step in fast. A minor spike could push to 106k, but structure says it’s just dead cat range surfing.
