#BTC

To determine the best entry price for a bullish or bearish position on Bitcoin (BTC), let's analyze the current market situation.

*Current Price:* $104,146.26

*Bullish Scenario:*

If you expect the price to rise, consider entering a long position above the current price, with potential targets at:

- $108,200 (breakout above this level could trigger a bullish move toward $112,000)

- $111,800-$112,300 (significant resistance zone)

- $120,000 (potential "magnet level")

*Bearish Scenario:*

If you expect the price to drop, consider entering a short position below the current price, with potential targets at:

- $107,000 (if price stays below $110,000)

- $106,000 (support level)

- $102,500-$100,000 (potential drop target based on bearish reversal pattern)

*Key Levels to Watch:*

- Support Zone: $106,800-$107,300 (strong buying interest)

- Resistance Zone: $111,800-$112,300 (sellers may re-enter the market)

- 200 EMA: $107,213.51 (dynamic support)

- 50 EMA: $108,182.91 (short-term bearish pressure remains until this level is reclaimed)

Keep in mind that the market is volatile, and prices can fluctuate rapidly. Always confirm with volume and wait for confirmation before entering a position ¹.