📊 #Bitcoin reaches key retracement zone: Preparing for a bounce or more decline? 🔍

The price of $BTC/USDT has slightly rebounded from the 38.2% Fibonacci level 📈 (~$104,200), following a correction from its recent high above $110,000 🚀.

🔸 Key supports:

🟢 50% at $98,000

🟢 61.8% at $93,857

🟢 78.6% at approximately $88,000.

🔸 Resistances to watch:

🔺 $110,000 (recent high)

🔺 $120,000 (projection -27%)

🔺 $130,000 (area of -61.8%)

🧠 Traders are attentive to a possible consolidation in this area, with the Ichimoku cloud still showing dynamic support 💨.

📉 Decreasing volume suggests a pause in the bearish momentum, but confirmation is needed to validate a real bounce. Watch for the daily close! 🔐

📅 Chart: 1D (Daily)

🧩 Strategy: Fibonacci Levels + Support/Resistance + Ichimoku Cloud

#BTC #CryptoAnalysis #BinanceSquare #BitcoinNews 🟡🧠📉💹📊