Bitcoin Price Action: Key Levels and Outlook

The daily review of Bitcoin indicates that the BTC chart remains consistent with yesterday's forecast. The recent decline has already taken place. The key question now is whether the price will bounce off the lower trend line or break through it downward. If a rebound occurs, the next targets are approximately 106,500 and 107,800. If a breakdown happens, the nearest level is around 103,500. The price within these levels is unlikely to satisfy "market hunger" or attract swing traders, although there will be many opportunities for scalping. It's important to remember that BTC is in a macro uptrend. However, the initial bullish impulse has significantly deviated the price from main moving averages. A correction down to about 99k won't break the weekly trend but could generate substantial volume, potentially pushing the price upward again.