Bitcoin Analysis | BTC/USD - Daily Interval

Bitcoin is facing a Weak High area near 114,000 after a strong rise within an upward channel since levels of 73,000

• Several structural breaks (BOS) have been recorded confirming buyer dominance

• The upward channel remains intact, but any break of it could accelerate the decline

The MACD indicator remains positive, but momentum has started to slow down, supporting the likelihood of a temporary correction.

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Upcoming Outlook:

• If support at 106K holds: potential bounce and retest of 114K

• In case of a break: targeting deeper support around 94K

• A daily close above 114K could push the price towards 120K - 122K

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Do not enter randomly, watch price behavior at support areas

Risk management is essential in these technically high regions✨

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