🔥 $BTC: Consolidation or Next Leg Up? 🚀

$BTC is currently navigating the 105k waters after a strong run. We've seen some healthy pullback from recent highs near 115k, with price now testing near-term moving averages. Market sentiment is mixed as traders digest recent gains alongside whispers of upcoming institutional product developments.

📊 Trading Outlook:

📈 Long Scenario: A sustained break and hold above 107,500 could signal renewed bullish momentum, potentially targeting 112,000. Consider this a spot play or low leverage.

📉 Short Scenario: If $BTC loses the 103,000 support decisively, a further correction towards 99,500 might be in play. Exercise caution with leverage.

Remember, this is not financial advice (NFA). Always do your own research (DYOR).

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