Support Lost, Rebound Faces Resistance

BTC lost the $106,400 – $105,328 support zone after a sharp drop. The long wicks seen during the decline suggest intense selling pressure. Although price is currently attempting a recovery, it appears to be facing resistance, limiting further upside.

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If Bitcoin fails to hold above the $106,400 zone, the next support to watch will be around $101,466. This level could play a decisive role in determining the short-term direction.

Break Above Resistance Could Reopen Path to $108,000

If the price can reclaim and maintain a position above the broken resistance, a renewed move toward the $108,000 level becomes technically possible.

Given the current instability in both global and crypto markets, caution remains key. Traders are advised to manage risk carefully and stay alert to rapid market shifts.

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The post Bitcoin Reacts to War News: Key Support Lost, What’s Next? appeared first on Coin Engineer.