Bitcoin is currently trading near $109.7K, showing a mild correction after touching the intraday high of $110.3K. The recent pullback looks more like a healthy cooldown than a reversal — a classic consolidation before the next possible breakout.
Support sits strong around $106K–$107.5K, where buyers are actively defending the zone. Resistance remains at $116K–$120K, the level to watch for any bullish breakout confirmation.
EMA and MACD still signal an overall uptrend, but RSI nearing the 70 mark hints that short-term traders should be cautious of overextension. Volume has eased, suggesting the market is resetting leverage positions after recent liquidations.
🔹 Swing Traders’ Map:
Entry Zone: $106K–$107.5K (on bullish confirmation)
Breakout Zone: Above $116K with strong volume
Target: $120K–$125K
Stop-Loss: Below $105K
The best traders know the market breathes in cycles — patience in the dip zones often pays more than chasing the hype. Stay alert, stay disciplined, and let structure guide your trades, not emotion.
