BTC Analysis — Support or Trap? The 106–107k Zone Under Pressure

In my previous BTC analysis — right before the flash crash — I mentioned that I was struggling to maintain my bullish stance, and that only a break back above 118k would restore confidence. In fact, I leaned toward a bearish bias, and the recent price action has confirmed those concerns.

The market has repeatedly failed to reclaim the 118k zone, continuing to drift lower toward 106–107k support.

As I’ve explained multiple times, when I see this kind of movement — price coming back to the same support again and again — it’s hard to believe that the market is doing it so we can all buy and profit.
Usually, this pattern acts as a trap, luring in buyers before a final breakdown.

That’s the scenario I’m watching once again.

Technical Levels:

- Resistance: 118k (major cap)

- Support: 106–107k (key zone)

- Interim level: 100k (psychological)

- Target on breakdown: 90k

My selling zone is between 113–115k, as I expect any bounce into this area to meet renewed selling pressure.

Trade aktif

BTC dropped to 100k, even a little under.
Now the focus is shifting to the important 90k

Mihai_Iacob

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