🔄 Bitcoin Movement Update

After the price failed to close daily above the significant resistance at $106,500, we witnessed clear selling pressure that pushed the price to break the support level of $103,000. Despite this break, the daily close below it has not yet been confirmed.

As mentioned earlier, if the level of $103,000 is broken and closed below, the correction may extend to the area between $100,000 and $98,000, which has indeed happened, as the price currently rebounded from the gray area indicated in the picture, which represents a potential demand zone.

Even if the close is below the level of $103,000, there is still a significant possibility that this drop is just a temporary minor correction within the overall uptrend.

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📌 Important Technical Points:

✅ Daily close above $105,900: A strong signal to continue rising towards the following targets:

$110,765

$112,064

And it may extend towards a new peak between $113,000 - $122,000.

❌ Daily close below $98,440 (below the gray box): Reintroduces negativity strongly, and we may witness a deeper drop to areas below $97,000.

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📉 Note:

All these movements are still within a minor correction in an upward trend in the medium term. Political events such as statements from Elon Musk or Trump may just be catalysts for market movement, but technical analysis is the basis for decision-making.