Why This BTC Price Action Doesn’t Inspire Confidence (yet)

[m_c_jacob]

In my yesterday’s analysis, I raised a rhetorical question: Is Bitcoin in a corrective rebound, or are we witnessing a genuine upside reversal?

Even in my Sunday educational post, I mentioned that the whole “great reset, now we go up” narrative doesn’t resonate with how I view trading.

At the time of writing, BTC is down again around 112K, after touching once more the 110K support zone — almost like a second chance for those who missed the first dip.
However, this kind of price action is far from encouraging in my opinion.

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Technical Picture
• The price reversed before the 118K resistance, forming what can now be viewed as a lower high.
• If the 110K level breaks, the next obvious target remains 100K, both from a psychological and technical perspective.

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Trading Plan
My plan is to sell preferably around the recent high, aiming to position with the broader structure rather than chase short-term fluctuations.
BTC still needs to prove it can sustain an uptrend — until then, rallies look like selling opportunities rather than the start of a new bull leg.