$BTC
The price is currently trading within the range of $104,600–$106,000, supported at an important technical level near **$104,500–$104,600**.
Direct resistance is around $105,772 (50-EMA and Fibonacci line, 38.2%), and surpassing it could push the price to **$106,685–$107,600**.
🔍 Momentum Indicator Signals
The MACD is approaching a bullish crossover, and the histogram is weakening from a negative area to close to neutral, reflecting increasing buying pressure.
The last candle (Doji or spinning top) still indicates a state of fluctuation and divergence in effort, which is a sign of an impending correction or the beginning of a new wave depending on the breakout.
🎯 Trading Strategies
1. Bullish Scenario (Breakout):
Open a buy position at $105,800 with a stop loss below $104,500.
First target $106,685, second target towards **$107,600**
