📊 Technical Analysis of Bitcoin (BTC):
🔹 Bitcoin is currently moving sideways in a narrow range between $103,100 and $104,300.
✅ This movement comes after a strong breakout of a broadening wedge pattern on the four-hour timeframe, indicating a consolidation phase before the next significant move.
🟢 Bullish Scenario:
🔹 If the price breaks above $104,300 and holds,
📈 we may see a continuation towards the strong resistance between $107,800 – $108,500
🔸 which is a historical supply area worth monitoring closely.
🔻 Bearish Scenario:
🔹 If the price fails and breaks below $103,100,
it may retreat towards the previous breakout area between $99,400 – $97,800,
🔸 which is a strong support area that has turned from resistance on both the four-hour and daily timeframes.
⚖️ The current situation is neutral, so waiting for a clear breakout in either direction may provide more accurate and safer opportunities.