$BTC /USDT: Strategic Pullback or the Start of a New Bull Run❓

Current Price: 108,808.2

Change: +0%

Bitcoin stands at a pivotal moment — are we witnessing a healthy correction or the beginning of a major breakout? Let’s dive in:

🌐 MACRO & FUNDAMENTALS

🗣️ Fed Policy:

The Federal Reserve remains hawkish, with no signs of imminent rate cuts. Persistent inflation continues to weigh on risk assets, including crypto.

📉 Market Sentiment:

Investors are becoming more cautious, leaning toward safer options. However, Bitcoin’s long-term fundamentals remain solid.

🔗 On-Chain Signals:

Wallet activity and hash rate are rising — suggesting ongoing accumulation despite the recent dip.

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📊 TECHNICAL OVERVIEW (H1 CHART)

After rejecting resistance at 111,947, BTC saw a pullback. A bounce from the 106,831 level suggests potential for consolidation.

⚠️ Pattern Watch:

Price action hints at a possible bull trap. Keep an eye on the 110K–112K supply zone.

📉 EMA Signals:

Short-term EMAs on the hourly chart indicate bearish momentum.

🎯 TRADE SETUPS

🔻 Scalp Sell Zone:

Entry: 111,800 – 111,950

Stop Loss: 112,200

Targets: 110,000 → 108,500 → 106,800 → 102,567

🔺 Buy Zone (Support Pullback):

Entry: 106,800 – 106,600

Stop Loss: 106,200

Targets: 107,800 → 109,000 → 110,000

🔍 KEY LEVELS

Resistance: 111,947 – 112,000

Support: 106,831 → 106,600 → 102,567

FIB Levels: 0.5 = 109,393 | 0.382 = 108,763

⚖️ STRATEGY OUTLOOK

A confirmed breakout above 112K with volume could open the door to 114K+.

A breakdown below 106.8K might trigger further downside toward 102.5K.

✅ FINAL THOUGHT

BTC is at a critical juncture, caught between macroeconomic headwinds and technical turning points.

Be patient, wait for confirmation, and manage your risk carefully.

Watch for today’s U.S. Jobless Claims data — it could move the market.

Trade smart. Stay informed. Follow for real-time crypto updates.