BTC is currently retesting its $107.2k support, which has now turned into resistance after a decisive breakdown.Support Levels to Watch:
- Upper Support Zone: $105k – $104.4k
- Lower Support Zone: $101.4k – $100.7k
Bounce from $104.4k–$105k will be a temporary relief, but it needs strength to reclaim $107.2k.
If the upper zone is not held, the next leg will be towards the lower zone, near $101.4k—$100.7k.
Breakout confirmation only above $110k (previous rejection zone).
The market is showing signs of weakness, especially with increased selling around resistance. Avoid rushing into trades—better setups may come if key zones hold or break.
Tip: Watch for bullish divergences or strong volume at the lower support for potential reversal setups.
Trade active
Bulls are putting up a strong defense around the $105k support zone. This area between $105k–$104.4k remains critical. A breakdown below could open doors toward the $101.4k–$100.7k support zone. Meanwhile, upside potential remains capped at the $107.2k support-turned-resistance and $110k breakout level.
Will the bulls hold the line, or is deeper support next?
Note
BTC just bounced off the $103k zone, but bulls aren't safe yet.We’re now hovering around the upper support zone ($105k–$104.4k) – a region that MUST be reclaimed on a solid candle close.
If BTC fails to close above this zone on the 4H or daily, this recovery could turn out to be just a retest before further downside.
Failure to reclaim will be high risk of price drifting back toward the $101.4k–$100.7k lower support zone.
Note
BTC bounced perfectly from the lower support zone ($101.4k–$100.7k).
Note: There was a fakeout near the $110k breakout level earlier, just before a sharp drop — a classic trap!
BTC is likely to regain its $107k resistance zone!
Trade closed: target reached
BTC pumped to Breakout price bouncing from support levels explained in our previous updates!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.