### Bitcoin Update: $104,591 – What Next?
BTC is **currently trading at $104,591**, down -0.94% in the last 4 hours. The chart shows that **bulls failed to hold above $106K**, and we’re seeing another pullback after the spike to $110K.
🔍 Indicators Breakdown:
- **Parabolic SAR**: Now flipped above the candles → **Bearish pressure increasing**
- **MACD**: Still in the negative zone but flattening — potential early sign of consolidation
- **Stochastic RSI**: At ~53, neither overbought nor oversold — **sideways chop likely**
- **RSI (6)**: Sitting at ~30 → near **oversold territory**, could hint at a **short-term bounce**
- **Volume**: Dropping — showing **lack of strong conviction**
⚠️ What to Watch:
- If BTC holds above **$104,000**, bulls might try another move to reclaim $106K
- A drop below **$103,200** might open room for a retest of $100K levels again
> **Caution:** This is a no-man's land — not great for leverage unless clear trend forms. Spot buyers might consider DCA if long-term.
