$BTC THE CALM BEFORE THE STORM: PRICE ACTION ANALYSIS
Bitcoin, after reaching that peak at $110,298, experienced a strong bearish breakout that led it to seek support. That initial drop was the release of the selling pressure that had been accumulating. However, the market reacted quickly and halted the decline in the $106,666 area, demonstrating that there is solid defense from buyers.
Since then, the price has neither continued to fall nor regained the previous bullish momentum; it has entered a lateral movement, or "indecision range," perfectly defined. Traders are now observing a battle of wills: sellers defend a key ceiling around $110,500, while buyers maintain a firm floor near $107,800. This is a moment of energy accumulation, where the big players are positioning themselves.
The positive message that this calm leaves us is that the opportunity is about to arrive. Patience is your best ally now. The next significant directional movement, and thus, the clearest entry or exit opportunity, will only come when the price decisively breaks one of these two limits. A sustained breakout above $110,500 will confirm the reversal and project us toward the previous high; while a loss of support at $107,800 would indicate that we should wait for a new test of lows.
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