🔥 What does it mean that BTC has dropped to 105,863?
1. It touched an important support 📉:
That zone (105,800–105,850) has been support several times this week.
If it holds that zone and bounces back, the bulls (buyers) are still defending strongly.
2. It failed to maintain 106,300–106,500, so the breakout is still NOT confirmed.
The price remains in a consolidation zone between:
105,800 (support)
106,500 (resistance)
3. The wick up to 105,863 shows that there was selling, but if the candle closed above 106k, it's a sign of absorption (buyers entered strongly below).
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📊 What could happen in the next few hours?
Scenario Condition to watch Next probable move
Bounce from 105,800 1H candle closes above 106,100 Rise to 106,500 and attempt to break
Break below 105,800 1H close below 105,700 Drop to 105,500 and then 104,800
Consolidation 105,800–106,300 Candles with small bodies, long wicks Lateral movement until morning
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✅ What to look at now?
If in the next 1–2 candle closes (1H) the price stays above 106,000, the market continues to show strength.
If another candle drops below 105,800 with volume, prepare for a quick drop to:
105,500 and then
104,800 (strong historical support nearby).
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📌 In summary:
🔹 105,863 was a strong defense of the support.
🔸 If the price bounces back and remains above 106,000, there is still a chance to break 106,500 tonight.
⚠️ But if it tests 105,800 again and breaks it strongly, a deeper drop may come.
