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BTC Bulls Charge Ahead — Is a Major Pullback Coming Soon?

Bitcoin’s recent rally has taken the market by storm, pushing prices to astonishing new highs. Currently, the key resistance level to watch sits around $105,000 — a critical zone where short positions between $92,000 and $94,000 were previously liquidated.

Right now, the market is moving fast, and it’s difficult to predict the exact top. However, analyzing the broader market structure points to this resistance level as a pivotal area. Traders should stay sharp. If BTC faces rejection near this zone, it could trigger a healthy pullback — a classic move after such a rapid surge.

For those riding long positions, this might be a smart moment to consider locking in profits and reassessing the situation. A retracement could present fresh shorting opportunities for those waiting on the sidelines. Remember, no market climbs in a straight line.

While the bulls have dominated the recent sessions, the bears aren’t out of the game just yet. A correction could be brewing, and disciplined traders should prepare accordingly. Caution is key — greed often blinds even the smartest bulls during euphoric runs.

Keep your eyes on $105K, manage your risk, and don’t get caught chasing the top.

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