🚨 Bitcoin market update ⚠️
📍 Current price: $103780
📊 Immediate support: $102000 to $102500
📊 Resistance zone: $105500 to $106000
⚠️ Deeper support below: $97600 to $97800
As we step into the weekend, low volume is expected. BTC is currently consolidating just above the breakout zone, holding strong near the highs. Price structure remains bullish, and continuation toward the upper resistance remains in play as long as immediate support holds.
🔍 Key observations
🟢 BTC continues to respect all marked demand and supply zones
🟢 Price is forming a tight range above the previous breakout area $(102000–102500)
🟢 Break above the current consolidation may push price to test $105500–$106000
🟢 Failure to hold 102000 could lead to a retracement toward $97600–$97800
🟢 Market structure remains bullish with no signs of major reversal yet
📈 Market volume
Volume has cooled down post-breakout. Expect reduced volatility over the weekend unless a breakout from consolidation occurs.
📊 Weekend note
Being Saturday, market participants may reduce activity, leading to slower price movements. Stay alert for fakeouts due to thin liquidity.
⚠ Trade smart
Patience is key. Either wait for a breakout above the range or pullback to demand zones for higher-probability entries.
