After monitoring Bitcoin's movement over the past hours, we clearly notice the price's failure to break through the critical resistance area near 104,000 USDT, with the formation of a "Weak High" and the emergence of clear rejection candles on the 4-hour time frame.

$BTC

Technical Indicators:

• The RSI indicator is gradually retreating to levels of 51.70, indicating weakness in upward momentum.

• The MACD indicator shows a clear negative crossover with an increasing gap between the lines, signaling seller dominance.

• Trading volume is rising with red candles, confirming actual selling pressure and not just a superficial correction.

💡 Expected Scenario:

If Bitcoin continues to fail to regain the level of 104,000 with a strong close, we face the possibility of a correction to the levels:

• 102,000 – Initial support

• 98,000 – Medium support

• 96,000 – Key Fibonacci 0.618 level

⚠️ Note:

We advise caution when speculating in small cryptocurrencies at the moment and to reduce exposure in the market until the outlook becomes clearer at the mentioned support levels. Re-entering will be safer from demand areas after confirmed reversal signals appear.