$BTC STRUGGLES BELOW $105K – VOLATILITY BUILDING FOR THE NEXT MOVE
$BTC is currently trading at $104,720, showing signs of short-term exhaustion after a sharp rejection near $105.9K. Bulls attempted a bounce from $104K, but resistance is proving tough to crack.
Key Levels to Watch
• Resistance Zones:
$104,850 – Immediate intraday resistance
$105,200 – Key zone to flip for bullish continuation
$105,900 – 24h high and breakout barrier
• Support Zones:
$104,400 – Local support from bounce
$103,900 – 24h low and key demand zone
Trade Setup – Battle Between Recovery and Rejection
• Bullish Scenario: A clean breakout above $104,850 could push toward:
TP1: $105,200
TP2: $105,900
• Bearish Scenario: A drop below $104,400 may lead to:
TP1: $103,900
TP2: $103,200
Stop-Loss Strategy:
• Longs: Below $104,350
• Shorts: Above $104,900
