$BTC ANALYSIS 📊

BTC is in a clear downtrend on all timeframes with RSI weak across the board, multiple rejections at 105,000–105,500, and no reversal signs yet — expect more downside unless 105K flips with strong volume.

Support: Closest key support zone lies near 104,100 and 104,000.

Price action: Rejected around the 105,000–105,500 resistance area multiple times.

News sentiment: Mixed (some bullish long-term views, but current price action doesn’t reflect strength).

Quick analysis:

Chart confirms lower highs, weak bounces, and a failed breakout attempt above 105K; strong sell pressure around resistance, with the price stalling near 104,571.

Trade Idea (Low-Risk Short-Term):

Sell/Short near 104,900–105,000 zone

Target: 104,100

SL: 105,500 (Risk-Reward ≈ 2:1)