2026-01-16 12:41:08

Is Bitcoin Setting Up for a Pullback?

The current rally in BTC looks convincing on the surface, but there's a catch worth paying attention to. Many analysts are pointing to $103K as a critical resistance level—one where the momentum could easily reverse.

The setup has all the hallmarks of a potential bull trap. Yes, we're seeing strong buying pressure right now, but traders should be cautious about chasing this move higher. Once Bitcoin approaches that $103K zone, watch for signs of exhaustion. Volume, rejection candles, and divergences in momentum indicators could signal that bulls are running out of steam.

The risk-reward at current levels favors taking profits into strength rather than adding longs aggressively. Keep that $103K level on your radar—it's where the narrative could shift.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
6
Repost
Share

Comment

0/400

LiquidityWhisperer

· 5h ago

I've been watching that 103K level for a while; it does seem easy to get trapped. Guys chasing the high now should be careful, as both volume and candlestick signals are giving warnings.

View OriginalReply0

DefiOldTrickster

· 14h ago

The 103K hurdle, I've seen this trick ten years ago, it's the same routine of repeatedly harvesting the little guys.

View OriginalReply0

BankruptcyArtist

· 14h ago

103K is really a hurdle... Every time I perform here, selling pressure can really knock people out.

View OriginalReply0

SchrodingerWallet

· 15h ago

Be careful with the 103K level; one misstep and you'll become the bag holder. --- The feeling of a bull trap is getting stronger; intuitively, this rally feels a bit fake. --- I just want to know if we can break through this time or if we'll pull back again. Anyway, my stop-loss orders are all set. --- We're still a bit away from 103K, but those adding positions now will probably regret it. --- Looking at the volume and indicators, there's a bit of divergence. Everyone really needs to stay alert. --- Honestly, this is a classic fake-out rally; I've seen this pattern over ten times. --- Take some profit and run, wait for a pullback to re-enter. I'm not chasing this wave. --- If 103K can't be broken, I need to think about where the next support level is.

View OriginalReply0

TokenDustCollector

· 15h ago

103k this level indeed needs to be watched, but honestly, those chasing high now deserve to be trapped --- Another bull trap, another exhaustion, I'm tired of hearing these phrases... but the 103k key level is indeed a bit uncertain --- Every time I say take profit, those who miss out end up making money? I just want to know who is dumping and who is bottom fishing --- Damn, waiting for a pullback again... how long will it take before it takes off if I keep waiting like this --- Buying pressure? Let’s look at on-chain data first, these analysts keep bearish all day long --- Is that all? Might as well look at the K-line trend and judge for yourself, whether 103k breaks or not will be known --- Sounds good, but actually just can't understand the trend and makes up stories, then when it suddenly surges in the opposite direction, I have to change my tune --- I’ll take the pullback when it comes, and if it doesn’t come, I’m not worried. Just buy the dip if I have the money

View OriginalReply0

MoneyBurnerSociety

· 15h ago

103K is really a trap? I bet five contracts will be liquidated, and will anyone chase the rally up to that point?

View OriginalReply0