Based on the current $BTC chart, #BTCPrediction #BTCBreaksATH110K here's a technical analysis and trading suggestion:

Chart Summary & Indicators:

Price: $108,478.8 (slightly down by -0.71%)

Trend: Mixed signals

Renko candles: Recently turned red but showing a small green reversal.

SuperTrend: Currently red, indicating bearish momentum.

Triple Moving Average: Short-term average is trying to cross back up, but no confirmation yet.

MACD (Moving Average Convergence Divergence):

MACD histogram is transitioning from red to green, indicating reducing bearish momentum.

MACD line is still below the signal line, but convergence is occurring.

Sentiment and Volume:

Sentiment: "Increased Greed Sentiment" — suggesting the market might be overbought or due for a correction.

Order Book: 88.3% sell pressure vs. 11.7% buy pressure — suggests a bearish sentiment in the short term.

Volume: High 24h trading volume, indicating active participation.

Recommendation: WAIT

Reason:

Indicators are showing mixed signals.

MACD is still bearish but improving.

SuperTrend and order book are bearish.

Price is consolidating after a down move, and a trend confirmation is not yet visible.

Future Trade Setup (Once Clear Signal Appears)

If You Go Long (Buy) — Wait for:

Green SuperTrend

MACD line crosses above signal line

Strong Renko green bricks continuation

Target: $110,400 (previous 24h high)

Stop Loss: $107,200 (slightly below 24h low)

If You Go Short (Sell) — If:

Price fails to break above $109,000 and turns red again

MACD remains bearish

SuperTrend remains red

Target: $107,000

Stop Loss: $109,200

dyor before your trading . it's not a financial advice .