BTC Faces Key Resistance Level, Support Line Under Bull-Bear Contest
Bitcoin is currently in an upward trend, but faces strong resistance near the psychological barrier of 110K, with buying momentum slowing down and the market entering a consolidation phase.
The core support areas are concentrated at 102K-106K, 93K-96K, and 83K-87K. These areas overlap with bullish order blocks and price imbalance gaps, forming a bullish defense line.
If the price remains above the current support area, bullish momentum may continue;
If it breaks down, it may retest deeper bullish areas to seek demand support.
Smart strategies may focus on building positions around support levels rather than blindly chasing highs.
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