Bitcoin 105K compression zone explosion is imminent, time is running out!
$BTC is brewing a riot on the 4-hour chart, like a spring that has been compressed to its limit, just one step away.
Current price snapshot: hovering around $105,428
The price is oscillating between 104K and 108K, which is typical of range compression, indicating that a directional release is about to occur.
Two key levels: it's either up or down, there is no middle ground.
Support zone: 104K — a position that has been defended by buyers multiple times in the past; once it falls, it may head straight for 102K or even lower.
Resistance zone: 108K — has faced selling pressure multiple times, but once it breaks through, this wave could soar directly towards 112K+.
Bears want to regain control, so they are closely watching 104K; if it breaks, it will trigger a sell-off.
Short-term traders: breaking 108K to chase long positions is feasible; set your take profit and stop loss; decisively turn bearish if it falls below 104K.
