Bitcoin recently reacted from the strong resistance zone near 105K, where many sellers were waiting. This area has acted as a key supply zone, showing rejection with bearish candles. According to Smart Money Concepts (SMC), when price reacts from such a zone, it often indicates that institutions are booking profits or entering shorts.
After the drop from 105K, BTC is now showing a retracement phase, pulling back towards the 102K level. This pullback looks weak and corrective in nature, suggesting that buyers are losing momentum. On every small retrace, bears are likely to appear and push the price lower again.
The overall market structure remains bearish in the short term, as long as price stays below 105K. The next demand zone is seen between 99.5K, where price might look for liquidity and potential bullish reaction.
Traders using SMC would watch how price behaves around 102K for possible continuation signs toward that 99K area.
Educational content only, not financial advice.
After the drop from 105K, BTC is now showing a retracement phase, pulling back towards the 102K level. This pullback looks weak and corrective in nature, suggesting that buyers are losing momentum. On every small retrace, bears are likely to appear and push the price lower again.
The overall market structure remains bearish in the short term, as long as price stays below 105K. The next demand zone is seen between 99.5K, where price might look for liquidity and potential bullish reaction.
Traders using SMC would watch how price behaves around 102K for possible continuation signs toward that 99K area.
Educational content only, not financial advice.
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Bitcoin dipped to 100,900 from 102,100, likely a liquidity grab before recovery. The price bounced sharply, showing buyer interest, but if it fails to hold above 102.5K–103K, a further drop may follow.
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t.me/+J03M7gO9EHA3MjM0
If you want to reach direct to me here's my telegram contact
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My telegram channel where I post insights and updates focused on Gold and Bitcoin 📈
t.me/+J03M7gO9EHA3MjM0
If you want to reach direct to me here's my telegram contact
t.me/smc_expert10 or @smc_expert10
t.me/+J03M7gO9EHA3MjM0
If you want to reach direct to me here's my telegram contact
t.me/smc_expert10 or @smc_expert10
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.