Short

Bitcoin at $103K – Golden Opportunity or Bull Trap?

Bitcoin has just slammed into a major supply zone at $103K, an area where price was violently rejected in February. Are we about to see history repeat itself?

Here’s why this level matters:

1. Historical Supply Zone ($101K–$103K)
Price previously reversed hard from this zone, as shown by LuxAlgo's high-volume supply range. It's no coincidence BTC is reacting here again.

2. Clean Rally from Demand Zone
BTC surged from the $75K–$77K demand range, but it's now facing its toughest resistance yet. If bulls can’t break and hold above $103K, we could see a swift correction.

3. Overextension Risk
With RSI near overbought and no significant pullback in the past 10 days, this rally could exhaust soon – making it a prime short-term sell zone.

4. Trigger Levels to Watch:

Bearish Rejection Trigger: $101K–$103K

Support Target 1: $89,820

Support Target 2: $76,800

What’s the Plan?
I'm watching closely for bearish candles or divergence signs. A rejection here could lead to a quick 10–20% drop. But if bulls break cleanly and retest this zone, BTC may aim for $110K+.

Your Turn:
Will BTC explode past $103K or is this a trap for late buyers? Share your thoughts, setups, and charts below!

#BTCUSD #Bitcoin #Crypto #LuxAlgo #SmartMoney #SupplyAndDemand #FrankFx #PriceAction #BreakoutOrFakeout

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FrankFx14

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FrankFx14

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