🔼Resistance Zone (Breakout Target):
Key Resistance Level: $111,980 (recent high)
Upper Extension Level: $113,853.60
🔽Support Zone:
Immediate Support: $106,800 (24h low)
Strong Support: $97,365.92 (horizontal line on chart)
Historical Pivot: Around $93,500 (Sell Average Price & near MA200)
📊Breakout Probability Estimate:
Upside Breakout (> $112K): ~65% probability
Pullback to $106K - $100K Range: ~35% probability
If BTC can hold above $106,800 and close above $111,000, the breakout probability would sharply increase.
🔢Fibonacci Retracement Levels (Based on Swing Low ~$74,508 to Swing High ~$111,980)
🧠 Interpretation:
Current pullback is shallow, still above the 23.6% level — not bearish yet.
If it drops below $103.8K, a deeper retracement to $97.9K or $93.2K becomes likely.
Golden Buy Zone: Between $93K - $88.5K, near MA200 — ideal for long entries.