TECHNICAL OUTLOOK (H1 CHART)
$BTC rejected at 108,900 and failed to reclaim 109K.
Now testing support near 106,900.
⚠️ Chart Watch: Bearish divergence forming on RSI — signs of exhaustion.
📉 EMA: Price below 50/100 EMAs on H1, indicating short-term pressure.
🎯 TRADE SETUPS
🔻 Short-Term Sell Zone
Entry: 108,600 – 108,900
Stop Loss: 109,200
Targets: 107,500 → 106,800 → 104,300
🔺 Buy Zone (Dip Strategy)
Entry: 106,800 – 106,500
Stop Loss: 106,200
Targets: 107,900 → 109,200 → 110,000
🔍 KEY LEVELS
Resistance: 108,900 → 109,800
Support: 106,500 → 104,300$BTC
FIBO Levels: 0.618 = 107,372 | 0.5 = 106,893
⚖️ STRATEGY OUTLOOK
Break above 109.8K with volume could ignite a push to 111K+.
But failure to hold 106.5K opens door to deeper correction toward 104K.
Watch U.S. PCE data tomorrow — could be the next volatility trigger.
Trade wisely. Stay sharp. Follow for fast crypto insights.
#BTCUpdate #CryptoStrategy #BitcoinLevels #FOMCWatch #BinanceSignalsPK