Bitcoin is currently trading around $108,200, approaching a significant resistance zone that has historically triggered price reversals. On the technical side, the market recently filled an FVG (Fair Value Gap) above and executed a liquidity hunt, sweeping out stop orders from both sides.
With no strong volume backing the current price action, the momentum appears to be weakening. As a result, $BTC may see a short-term pullback, with potential retracement targets around $105,000 to $103,000.
In the immediate term, traders should expect range-bound movement and a possible rejection from the resistance, followed by a bounce in the aforementioned support zone. Until clearer market signals or a volume breakout occur, caution is advi
sed.
