Why This BTC Price Action Doesn’t Inspire ConfidenceBitcoin / U.S. dollarBITSTAMP:BTCUSDMihai_IacobIn my yesterday’s analysis, I raised a rhetorical question: Is Bitcoin in a corrective rebound, or are we witnessing a genuine upside reversal? Even in my Sunday educational post, I mentioned that the whole “great reset, now we go up” narrative doesn’t resonate with how I view trading. At the time of writing, BTC is down again around 112K, after touching once more the 110K support zone — almost like a second chance for those who missed the first dip. However, this kind of price action is far from encouraging in my opinion. ________________________________________ Technical Picture •The price reversed before the 118K resistance, forming what can now be viewed as a lower high. •If the 110K level breaks, the next obvious target remains 100K, both from a psychological and technical perspective. ________________________________________ Trading Plan My plan is to sell preferably around the recent high, aiming to position with the broader structure rather than chase short-term fluctuations. BTC still needs to prove it can sustain an uptrend — until then, rallies look like selling opportunities rather than the start of a new bull leg.