๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฅ๐ฒ๐๐ฒ๐๐๐ ๐ฆ๐๐ฟ๐ฒ๐ป๐ด๐๐ต ๐๐ฏ๐ผ๐๐ฒ $๐ญ๐ฌ๐ณ๐ ๐ฎ๐ ๐ฅ๐ฎ๐น๐น๐ ๐๐ถ๐๐ $๐ญ๐ญ๐ฌ๐ ๐ช๐ฎ๐น๐น
Bitcoin is trading just above $107,500, holding key support after briefly reaching a high of $110,375. The price is now in a critical zone, where the next move could decide whether BTC continues its rally or corrects deeper.
โ Price Movement Recap
BTC jumped from a low of $105,477 and peaked at $110,375.
A short-term trendline was broken near $109,450, hinting at short-term weakness.
Current support is around $107,500, backed by the 100-hour Simple Moving Average.
๐ What to Watch Next
Resistance Zones:
$109,250 โ Minor intraday resistance
$110,000 โ Key psychological and technical level
$110,500 โ Strong resistance; a breakout above could send BTC toward $112,000โ$115,000
Support Zones:
$108,000 โ Immediate support (50% Fib level of recent move)
$107,350 โ First major support
$106,550 โ Deeper pullback support
$105,000 โ Last line of defense before bearish pressure increases
๐ Short-Term Technical Signals
MACD (1H): Weakening in bullish zone โ momentum is slowing.
RSI (1H): Below 50 โ suggests mild bearish pressure.
Structure: BTC is still above 100-hour SMA, but recent break below trendline means buyers must step in soon to regain control.
โ ๏ธ Bullish or Bearish?
If BTC closes above $110,500, it could resume upward momentum toward $112K and beyond.
But if it fails to hold $107,500โ$108,000, a drop toward $106,550 or even $105,000 is possible, especially if volume stays weak or sellers gain momentum.
๐ Final Take
Bitcoin is at a make-or-break level after failing to sustain above $110K. The bullish trend remains intact but fragile โ traders should watch for strong reactions at $108K and $110K. These zones could determine the next big move.
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