🚨 Bitcoin at a Critical Spot Buying Zone 🚨
Bitcoin is currently in a favorable zone for spot buying, but a major move hinges on how it reacts near the $104,000 level.
We’ve seen multiple rejections from that zone, along with accumulation wicks, indicating indecision. A breakout above $104K with heavy volume could pave the way to a new all-time high.
Until then, stay cautious. With CPI data approaching, we must closely monitor this region.
Two key strategies here:
Wait for a flip (clean breakout and retest of $104K), or
Consider entries near or below $102,500, a possible support zone.
Liquidations on lower timeframes (LTF) remain stable for now.
Stay sharp and manage risk!
