📊 Technical Analysis of Bitcoin (Short Term)
🔹 Current Trend
Bitcoin has reached a new all-time high, surpassing $110,000, driven by growing optimism surrounding cryptocurrency regulation in the U.S. and an increase in institutional interest. 
🔹 Supports:
• $107,000: Immediate support level.
• $100,000: Significant psychological support.
• $92,000: Stronger support based on historical moving averages. 
• Resistances:
• $113,000 – $115,000: Immediate resistance zone.
• $120,000: Next bullish target if the current resistance is surpassed. 
🔹 Technical Indicators
• Candlestick Patterns: An ascending wedge pattern is observed, which may indicate a potential reversal if accompanied by a decrease in volume and overbought signals. 
• Moving Averages: The formation of a "golden cross" (when the 50-day moving average crosses above the 200-day moving average) suggests a continuation of bullish momentum. 
• Relative Strength Index (RSI): Currently at overbought levels, which could indicate a short-term correction before a continuation of the bullish trend.
📈 Short-Term Projection
• Bullish Scenario: If Bitcoin maintains support at $107,000 and surpasses resistance at $113,000, it could head towards $115,000 or even $120,000 in the coming weeks. 
• Bearish Scenario: A drop below $107,000 could lead to a correction towards the psychological support of $100,000 or even down to $92,000 if selling pressure increases.
🧭 Recommendations
• For Short-Term Investors: Closely monitor the mentioned support and resistance levels. Consider taking partial profits if key resistance levels are reached.
• For Long-Term Investors: Maintain positions while Bitcoin remains above $100,000, adjusting strategies based on market developments and macroeconomic news.