BTC/USDT (1H) – Key Resistance Re-Test, Possible RejectionBitcoin / TetherUSBINANCE:BTCUSDTTradesByJenniferBitcoin (BTC/USDT) is currently trading around the $105,200 level, approaching a significant resistance zone between $106,000 and $107,000. Price is climbing within a short-term ascending channel, but strong rejection from this resistance in the past raises the probability of another bearish move if the price fails to break and hold above this zone. If resistance holds and the price forms a lower high near the $106,000 level, we could see a sharp sell-off targeting the mid-support levels at $104,000 and $103,000. A break below this structure could potentially accelerate the decline toward the key support zone between $101,000 and $100,000 — a historically strong demand area. However, if BTC manages to break above $107,000 with strong bullish momentum, the structure could flip into a bullish continuation, invalidating the bearish bias. As such, traders should wait for clear price action confirmation near the resistance before taking positions. This setup presents a classic scenario of resistance re-test followed by either a breakout or rejection. Volume spikes, candlestick patterns (like bearish engulfing or bullish breakout bars), and market sentiment will be crucial factors in confirming the next move. This analysis is purely technical and meant for educational purposes; always use proper risk management and do your own research before entering the volatile crypto markets.