Bitcoin is currently trading around $105,700, showing a short-term correction after a strong sell-off.
Trendline: A clear descending resistance line continues to hold, capping all recovery attempts.
Break of Structure: The BOS from 109,800 โ 103,000 confirms bearish control.
Order Blocks:
๐ด Supply zones: $107,800 โ $109,800 and $111,400 โ $115,900 โ strong resistance where sellers are likely to react.
๐ต Demand zones: $103,000 โ $100,000 and a deeper block near $98,900, aligning with a trendline support โ potential rebound area.
Volume: Buyer interest weakened after the recent bounce โ showing limited demand at current levels.
Bias: Still bearish until BTC breaks above EMA trendline / $107,800 zone.
Next supports are $103,000 and $98,900; resistance levels remain at $107,800 and $111,400.