#MarketSentimentToday
$BTC Today:
✅ Resistance at ~$105,800–$106,000
News Insight: Strong resistance expected at $106,000.
Chart: BTC touched a high of $105,878.3, which closely aligns with the 0.786 Fibonacci retracement level and the marked "Area of Interest" — this validates it as a critical resistance zone.
✅ Conclusion: The price is respecting that resistance zone as predicted.
✅ Support Zones ~$104,200 and $103,100
News Insight: Support noted between $102,000–$103,000.
Chart: The Volume Profile (VPVR) shows a significant high-volume node around $104,200, and another zone of interest near $103,091.7, consistent with potential demand/support.
✅ Conclusion: These levels are well-supported on the chart and could catch a retracement.
✅ Selling Pressure Around 0.786 Fibonacci
The price faced immediate rejection after hitting 0.786, which aligns with the idea that profit-taking is occurring at this level, as mentioned in the news (over $23B in profits realized this week).
✅ Ichimoku Cloud Bearish Bias
The future cloud is currently flat-to-bearish, with price slightly above but showing signs of weakening momentum.
✅ This supports the short-term bearish sentiment described in the news articles.
📌 Short Entry Strategy (Confirmation Needed)
If you're planning to short BTC, here's a possible plan based on confluence:
Entry Zone: $105,500–$105,800 (retest of 0.786 Fib or a sweep of the high).
Stop-Loss: Above $106,000 (clear invalidation of resistance)
Targets:
TP1: $104,200 (VPVR HVN)
TP2: $103,000 (local support + fair value gap)
TP3: $101,500 (0.382 Fib)
⚠️ Risk Notes:
if BTC breaks and closes strongly above $106,000, it invalidates the short idea and flips bias bullish.
Volume spike and breakout confirmation should be used for entry timing.
