BTCUSD Technical Outlook – Supply Zone Reaction Likely?Bitcoin / US DollarCOINBASE:BTCUSDPIPSPHERE_NETWORKPrice has aggressively recovered from the demand zone around $101,000–$101,500, initiating a sharp bullish leg into a previously defined supply zone between $104,260–$104,787. This region also overlaps with a prior inefficiency and strong sell-off area. 📌 Key Highlights: PDH (Previous Day High) has been swept. Price is now entering a confluence of resistance: 🔹 Bearish order block 🔹 Supply zone 🔹 Volume imbalance filled Clear reaction anticipated as buyers begin to slow down near $104,260–$104,787. Lower timeframe structure suggests bullish exhaustion as we tap into this zone. 📉 Bias: Bearish 💡 Scenario: Looking for potential rejection from current levels for a move back into $103,116, with deeper downside targets near $102,600 and possibly back into the demand zone below $101,500. Trade Setup Idea: Entry: ~$104,260–$104,787 TP1: $103,100 TP2: $102,600 SL: Above $104,800 Invalidation: Clean break and close above $104,800 on higher timeframes. 🧠 Watch price action closely within this zone before entering. Patience will be key for precision.