Bitcoin’s short-term outlook remains uncertain after another lower candle close, suggesting that sellers are still in control. While the price hasn’t yet broken below the previous wicks, the structure points to ongoing weakness and hesitation from buyers. This phase of consolidation below the $105,000 zone reflects a market still searching for direction, with both bulls and bears waiting for confirmation before committing to larger moves.
Despite the muted tone, a short-term bounce remains possible. Technical analysis highlights a 4-hour micro-trend resistance near $104,600 — a level that has repeatedly capped attempts at recovery. A clean break and sustained hold above $105,300 could signal renewed momentum, potentially opening the path toward the next resistance range around $111,900. However, until that breakout occurs, traders should treat any move upward as a tactical bounce rather than a trend reversal.
For now, the market tone remains cautious. Bulls need to reclaim control decisively before confidence returns. Traders are advised to stay disciplined, focusing on key confirmation levels rather than anticipation. A controlled approach — ideally using low leverage or spot positions — remains the smartest way to navigate this fragile setup. If Bitcoin fails to clear $105,500 soon, renewed downward pressure could test the recent lows once again.
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