š„ $BTC at a Crossroads: Breakout or Breakdown? š§
The market is holding its breath! After a period of consolidation around the $104k - $107k levels, volatility seems to be picking up. Recent US inflation data and ongoing institutional interest continue to be key factors. We're seeing some mixed signals, with overall market cap taking a slight dip yesterday, yet some analysts remain cautiously optimistic, eyeing key support and resistance.
š Trading Outlook:
ā”ļø Potential long (with leverage) if we see a sustained break and hold above the $108,300 - $110,000 resistance zone, targeting higher levels.
ā¬ ļø Short setup (with leverage) could be considered if the price decisively breaks below the $106,250 support, potentially retesting lower supports.
NFA/DYOR.
#BTC #CryptoNews #TradingSignal
