šŸ”„ $BTC Balancing Act: Key Levels to Watch! šŸ§

The market buzz continues as $BTC consolidates after recent volatility. We're seeing a tug-of-war between bulls and bears, with significant macroeconomic factors and sectoral developments playing their part in overall sentiment. Keeping a close eye on support and resistance is crucial.

šŸ“Š Trading Outlook:

šŸ“ˆ Long Scenario: A sustained break and hold above the $106,500 resistance could signal renewed bullish momentum, potentially targeting higher levels. Look for confirmation with increasing volume. This could be a setup for a leveraged long, managed with care.

šŸ“‰ Short Scenario: If $BTC fails to hold the $103,000 support and decisively breaks below, we might see a retest of the $100,000 psychological level or lower. A rejection from current levels could also present a spot short opportunity.

Always manage your risk! šŸ›”ļø

NFA/DYOR.

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