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💥 $BTC at a Turning Point: Will Bulls Push Past 105K?
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🟢 Bullish Scenario – Relief Bounce Continuation
✅ Recent Bounce:
BTC rebounded strongly from the $98,200 support (lower Bollinger Band).
📈 RSI(6): 47.97 → indicates recovery from oversold zone.
📉 MACD Histogram: Still negative, but contracting → bearish momentum weakening.
📊 Resistance Levels to Watch:
Immediate Resistance: ~104,956 (mid-Bollinger band)
Breakout Target: ~108,812 (upper Bollinger band)
🔼 If BTC closes above the mid-Bollinger band with strong volume,
a rally toward 108K+ is likely.
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🔴 Bearish Scenario – Relief Rally Fade
⚠️ Failure to Break 105K could lead to:
Retest of 101K
Potential drop to 98K again
📉 MACD & DIF/DEA: Still bearish → no full trend reversal yet.
🚫 Rejection near 105K + weak volume =
Bears may regain control.
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⚖️ Conclusion
📌 Short-Term Bias: Cautiously bullish if BTC holds above 101K
📉 Bearish Breakdown Level: Below 98K
📍 Key Bullish Trigger: Break and hold above 105.2K with volume
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