🟠 BTC breaks 105K – The downtrend may not have stopped yet
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BTC has just broken through the 105K mark, currently trading around 104,300 USDT – confirming that the short-term correction trend is dominating. Technical indicators and market reactions show that selling pressure is accelerating.
📊 Notable data:
• RSI (H4 timeframe) has fallen out of the neutral zone, indicating a loss of upward momentum.
• Funding rate strongly favors the short side – market sentiment is defensive.
• Trading volume is gradually decreasing, indicating that liquidity is standing by.
📉 Nearest support level:
The 103K–104K range acts as technical support. If this continues to be broken, BTC could retreat to 100K, even 98K in the short term.
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🔍 Strategy for this period:
• Avoid opening long positions until there are clear recovery signals.
• Maintain a high USDT ratio, optimizing liquidity.
• Closely monitor reactions at support levels to assess buying pressure.
The situation is evolving rapidly. Maintaining discipline and controlling risk is the number one priority.
Do you have a different opinion? Leave your perspective below for analysis. #btc