$BTC

#BTC110KToday? Based on the BTC/USDT chart you attached, here is a brief technical analysis of whether BTC can reach 110K in the near future:

1. Short-Term Trend (4 Hours)

Trend direction: Strong upward (bullish), the price has formed higher highs and higher lows since mid-April.

Moving Averages (MA5, MA10, MA20): All MAs are sloping upwards and the price is above all three, indicating that momentum is still positive.

Volume: Volume remains stable, showing no signs of significant distribution.

2. Resistance and Support

Nearest resistance: 107,997 (has been touched), the next logical target is 110,000.

Strong support: Around 104,000 – 105,000 and the MA20 area (103,114), this could be a bounce area if a correction occurs.

3. Market Sentiment

The news of a whale buying BTC with USDC on Hyperliquid signals institutional confidence—this could support short-term increases.

The hashtag #BTC110KToday reflects high market optimism, but it is also necessary to be cautious of potential profit-taking.

Conclusion

The possibility of reaching 110,000 is very open, considering:

Strong upward trend.

Nearest resistance is almost broken.

No strong bearish signals on the 4-hour chart.

However, watch for the possibility of a small correction before continuing to rise, especially if volume does not increase in the next breakout.

If you want, I can help create an entry/exit strategy based on this chart.