BTC is currently trading near $105,399, showing a corrective bounce after a recent sell-off.
Resistance Ahead – $106k:
Price is approaching a key resistance level. A break above could lead to a short-term move toward the Bearish Order Block at $108000–$108950.
🟥 Bearish Order Block (OB):
This is the supply zone that initiated the previous drop. If price fails to break and hold above this OB, we could see renewed selling pressure and continuation of the downtrend.
🔻 Liquidity Pool – $102k:
This level holds resting sell-side liquidity. A failure to hold this area may trigger a sweep — and if $102K breaks, it could unlock deeper downside potential, possibly sending BTC below $100K.
Summary Outlook:
▪️ Rejection from OB = strong bearish continuation
▪️ Break of $106K = short-term bullish move toward OB
▪️ Break of $102K = high probability of sub-$100K levels
▪️ Overall bias remains bearish unless price reclaims and holds above the OB zone with strength.
NFA & DYOR
Resistance Ahead – $106k:
Price is approaching a key resistance level. A break above could lead to a short-term move toward the Bearish Order Block at $108000–$108950.
🟥 Bearish Order Block (OB):
This is the supply zone that initiated the previous drop. If price fails to break and hold above this OB, we could see renewed selling pressure and continuation of the downtrend.
🔻 Liquidity Pool – $102k:
This level holds resting sell-side liquidity. A failure to hold this area may trigger a sweep — and if $102K breaks, it could unlock deeper downside potential, possibly sending BTC below $100K.
Summary Outlook:
▪️ Rejection from OB = strong bearish continuation
▪️ Break of $106K = short-term bullish move toward OB
▪️ Break of $102K = high probability of sub-$100K levels
▪️ Overall bias remains bearish unless price reclaims and holds above the OB zone with strength.
NFA & DYOR
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.