📊 BTC: Detailed Market Analysis – Scenario Not Yet Confirmed Bottom

Currently, the range of 104,000 – 105,000 has not yet been tested, so it is difficult to assert that the recently crossed level of 107,000 was the true bottom. Although the price has bounced back above 114,000, to confirm a sustainable upward trend, the market needs to conquer and maintain above 116,000.
🔹 Short-term support is around the 110,400 area. If the 110,000 level is broken, it is highly likely that the price will continue to retreat to test the 105,000 area – which is considered a more significant support.
🔹 However, in addition to the price factor, it is necessary to observe many other indicators:
• Dominance needs to peak and then decline for the money flow to reallocate.
• Buy/sell pressure ( has not yet improved significantly.
• The Sharpe ratio has not yet shown a positive signal regarding performance relative to risk.
• Open interest and on-chain signals are still quite weak, not supporting a strong upward movement.
👉 Therefore, at this moment, a reasonable strategy is to patiently wait a few more days instead of rushing to catch the bottom. When the indicators align and the price surpasses 116,000, then the growth signal will truly be reliable.