Technical analysis by persis10t about Symbol BTC on 5/29/2025

BTC is currently retesting its $107.2k support, which has now turned into resistance after a decisive breakdown.Support Levels to Watch:- Upper Support Zone: $105k – $104.4k- Lower Support Zone: $101.4k – $100.7kBounce from $104.4k–$105k will be a temporary relief, but it needs strength to reclaim $107.2k.If the upper zone is not held, the next leg will be towards the lower zone, near $101.4k—$100.7k.Breakout confirmation only above $110k (previous rejection zone).The market is showing signs of weakness, especially with increased selling around resistance. Avoid rushing into trades—better setups may come if key zones hold or break.Tip: Watch for bullish divergences or strong volume at the lower support for potential reversal setups.Bulls are putting up a strong defense around the $105k support zone. This area between $105k–$104.4k remains critical. A breakdown below could open doors toward the $101.4k–$100.7k support zone. Meanwhile, upside potential remains capped at the $107.2k support-turned-resistance and $110k breakout level.Will the bulls hold the line, or is deeper support next?BTC just bounced off the $103k zone, but bulls aren't safe yet.We’re now hovering around the upper support zone ($105k–$104.4k) – a region that MUST be reclaimed on a solid candle close.If BTC fails to close above this zone on the 4H or daily, this recovery could turn out to be just a retest before further downside.Failure to reclaim will be high risk of price drifting back toward the $101.4k–$100.7k lower support zone.