$BTC Rejected below $105.5K – Pressure is mounting. $BTC failed to reclaim the resistance of $105,550, with the current price action hovering around $104,258. Despite a temporary bounce from $102,664, the momentum remains weak as volume decreases and sellers regain control.
Trade setup:
Entry: $104,200 – $104,600
TP1: $105,550
TP2: $107,380
SL: $103,600
Market capitalization remains firm, but the direction depends on reclaiming the key resistance.
Conclusion: BTC needs a decisive move above $105.5K or risk a further decline. Save this for your trading journal.