💪 Bitcoin has started to gain momentum again!

It started to rebound from around $102,000, breaking through the key resistance at $104,200, even rising above $105,000. The bulls really don't plan to take a break!

📈 According to the chart, an important signal has arrived:
In this pullback from the high of $107,042 to the low of $102,100, Bitcoin has already stood above the 50% and 76.4% Fibonacci retracement levels. This means - the upward trend is being confirmed 🔥!

🧭 How is the current trend?

  • The short-term trend line at $105,800 forms support, steadily holding the price.

  • Currently, BTC is actively fluctuating above $105,500, standing above the 100-hour moving average, which is a bullish signal 📊

  • The upcoming resistance levels are:

    • $107,000

    • $107,200

    • $107,500

Once the price breaks above $107,500, Bitcoin is likely to hit:
➡️ $108,800
➡️ Or even directly hit $110,000, setting a new historical high ✨

😬 So, is there a risk of a pullback?

Of course, also be wary of a pullback 🐎:

  • If BTC can't break through $107,000, it may retrace downwards.

  • Support levels are:

    • $105,800

    • $105,000

    • $104,200

    • More critically at $102,500, if lost, the short-term trend may not be so optimistic ⚠️

📊 Technical overview

  • MACD indicator: currently in the bullish zone, accelerating ~

  • RSI Relative Strength Index: also above 50, momentum is still there!

📣 To summarize:

Currently, Bitcoin's trend is 'bullish dominance, trend upwards', as long as it can steadily break through $107,500, the upcoming market may rush directly towards the $110,000 mark!

However, if the key resistance level cannot be broken, don't panic, the support range is still quite solid.

Are you ready to welcome a violent market? 📈😎
Cautiously optimistic, rational entry, not FOMO is the winner!

📌 Bitcoin's market changes quickly, hands and eyes must keep up! Like + share to let more people know about this opportunity! 📢📢