💥 $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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