$BTC The BTC/USDT chart shows a recent recovery after a downtrend since mid-June. The price is currently above the moving averages (MA9 and EMA21), indicating a short-term bullish momentum.

Forecast: Bitcoin is likely to continue its upward trend, aiming to reach $108,000-$109,000, and potentially retest the resistance level of $110,665.8. A breakout above this resistance level will confirm a stronger bullish reversal; failure may lead to a retest of lower support. Watch the $110,665.8 level as a key indicator.