✅ What’s Working
$BTC continues to demonstrate resilience: recent data show it holding above key support levels while many altcoins are under pressure. FxVerify+3Analytics Insight+3The Economic Times+3
Fundamental backdrop remains supportive: institutional interest in $BTC (via ETFs, large‐holders) remains elevated, which adds strength. Tom's Hardware
Technically, holding above major moving averages (50-day, 200-day) is a bullish indicator in the medium term. The Economic Times+1
⚠️ What to Watch / Risks
Resistance is significant: Analysts point out that the ~$BTC 113.6K–$115.6K zone is a key on-chain cost basis resistance for recent buyers. TradingView+1
If BITCOIN fails to hold support (various analysts identify ~$107K or lower as critical) short‐term weakness could emerge. FxVerify+1
Macro and external risks remain: regulatory shifts, liquidity, global economic data and sentiment all weigh on crypto.
The market is entering what looks like consolidation territory — momentum may slow if new catalysts don’t emerge.
🎯 Near-Term Outlook
Bullish scenario: If BTC clears the resistance zone (~$113K-$115K) with good volume and holds above, the next target could be ~$120K and potentially higher.
Bearish scenario: If BTC loses support below ~$107K or fails to push through resistance convincingly, expect a pull-back, maybe into the ~$100K region.
Given current data, a cautious bullish bias seems reasonable — i.e., modest upside more likely than dramatic surge, but also non-trivial risk of sideways to pull-back action.
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