Bitcoin's Bounce Is Just a Trap? Watch 104K Carefully Bitcoin all time history indexINDEX:BTCUSDTradeM_Gold_I📊 Overall Market Context Bitcoin is currently trading around 103,100, maintaining a clear bearish market structure after multiple Break of Structures (BOS) to the downside. The recent bullish correction appears to be a short-term retracement inside a lower timeframe pullback phase, not a full reversal. 📉 Market Structure Analysis After the ChoCH (Change of Character) near 106,000, BTC confirmed bearish control with consecutive BOS and unmitigated FVGs stacked above. The current retracement is reacting around FVG 103,800–104,000, aligning with the 0.705–0.786 Fibonacci retracement from the latest swing high to swing low. Unless price reclaims above 104,400–104,800, the short-term bias remains bearish. 📈 Possible Scenarios Scenario 1 – Bearish continuation (higher probability) If BTC fails to close above 104,000, look for rejection from this FVG zone to continue the bearish leg. 👉 Entry: 103,800–103,950 (short) 👉 Expect: 102,850 → 102,400 👉 Invalidation: Above 104,400