BTCUSD - Strong Bullish Rejection from Demand Zone

Bitcoin showed a strong bullish reaction after tapping into a key demand zone between 104,800–105,000. Price rejected sharply from this area, forming bullish engulfing candles on the 15-minute chart.

Currently trading around 105,860, BTC has broken above the intraday EMA-9 and is testing the previous supply zone. If this level holds as support, we could see continuation towards 106,200+.

Key Zones:

✅ Demand Zone: 104,800 – 105,000 (Strong rejection zone)

⚠️ Supply Zone / Resistance: 105,900 – 106,200

📈 EMA (9) acting as dynamic intraday support

Bias: Bullish above 105,400 | Watch for retests and confirmation