BITCOIN → False Breakout at 110K? Caution Ahead?

BTCUSDT briefly surged to a new all-time high near $112K, driven by positive economic indicators and bullish fundamentals. However, the momentum was short-lived—just before Trump's recent announcement...

Current Price: $107,894.23 (+0.66%)

Yesterday, Trump introduced new 50% tariffs on the EU, sparking sharp market reactions. While most losses were quickly recovered, uncertainty remains. These tariffs could heighten risk sentiment, potentially triggering pullbacks in both equities and crypto, with capital rotating into safe havens like gold.

Technical Outlook:

Bitcoin appears to be forming a false breakout above the major resistance zone around 110K (previous ATH). The 109.8K–110.3K range now acts as a key resistance and liquidity zone. If sellers maintain control, BTC could enter a consolidation phase within the 110K–106.8K (possibly down to 105K) range.

Key Levels:

Resistance: 109.8K, 110.3K, 112K

Support: 106.8K, 105K

If BTC fails to reclaim and hold above 110K, this false breakout could be confirmed, opening the door for a deeper move toward the 105K–102K region. That said, a breakout and consolidation above 110K/112K would invalidate this bearish outlook and signal renewed bullish momentum.

Stay cautious and trade wisely.

Best regards,

Trade Cryptocurrency

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