Potential Scenarios for $BTC
1. Bullish Scenario:
Rebound from Support: If BTC holds the $103,137 support level and buying volume increases, it may trigger a rebound. A push above $104,330 (immediate resistance) would signal bullish momentum.
Target Levels: If BTC surpasses $104,700 (MA 25), it could retest $106,300 (MA 99), followed by a move towards $107,000-$108,000.
2. Bearish Scenario:
Break Below Support: If BTC fails to hold above $103,137, selling pressure could increase, leading to a drop towards the next major support at $102,949.
Further Decline: A decisive break below $102,949 could expose BTC to a sharper fall, targeting levels near $101,500 or even $100,000, a key psychological support zone.
Key Indicators: Continued low trading volume and price rejection from moving averages confirm bearish continuation.
3. Support and Resistance Levels:
Immediate Support: $103,137.82 – recent 24-hour low.
Major Support: $102,949.51 – could act as the next support if the downward trend continues.
Immediate Resistance: $104,330.44 – a recovery above this point could signal short-term bullish momentum.
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