# Bitcoin Flashing Major Warning Signals — Are We About to See a Pullback?

BTC just touched $104,963 and honestly, the technicals are screaming caution right now.

Here's what's happening: Bitcoin has been getting rejected hard at the $107k–$110k zone multiple times. Every bounce attempt is hitting resistance like a wall, and the price refuses to stay above the EMA 25 (107,701), EMA 50 (110,035), and EMA 100 (111,058). These moving averages have basically become a ceiling — when you can't break above all three, that's textbook bearish structure.

The Bollinger mid-band around $107,877 is adding another layer of rejection. Lower highs, lower lows on the daily — momentum is clearly with the bears right now.

**What's really catching attention though:**

Chain data suggests whales are quietly offloading. ETF inflows have cooled off. Macro uncertainty is still lingering. This combo is creating real sell pressure beneath the surface.

**Numbers that matter:**
- **If the breakdown happens:** $102k → $99.5k → $97k are the likely targets
- **Stop level:** $108.2k
- **Current setup:** Short bias entry between $105k–$107k

The move down could be pretty swift if we lose support around $102k. Not saying it *will* happen, but the setup is definitely there. Worth watching closely.