Bitcoin is still volatile after breaking the descending channel but failed to maintain above it 📉📈
However, it has not yet broken the crucial resistance at $105,900.
🪙 Despite attempts to rise, the market is facing pressure from:
• 📉 Fears of a global economic slowdown.
• 🟡 Rising gold as an indicator of investors seeking safe havens.
📊 The closest scenarios:
• ✅ A clear break above $105,900 = rise towards $109,000 then $112,000.
• ❌ Failure to break = expected correction towards $102,000 and possibly $97,000.
🧠 The market is very cautious right now. Liquidity is relatively weak, and economic factors are putting pressure on risk appetite.
#MyCOSTrade #BinanceAlphaAlert #MarketRebound #EDGENLiveOnAlpha
