#MarketPullback 🚨 *Bitcoin Market Update* 📊
Bitcoin is currently trading at approximately $104,000, the price recently dipped down from $106,500 with resistance around the previous local high, as the price continues to consolidate in the $100K-$110K range and shows indecision for the next move.
*Key Stops:*
- *Support:* 100K-102K 🛡️
- *Resistance:* 106K-108K 🚀
- *Breakout:* 111K-112K 🔓
*Technical Analysis:*
- *RSI:* ~45 (neutral-to-bearish) 📉
- *MACD:* Neutral-to-bearish 📊
- *Volume:* Low, potentially indicating an upcoming surprise move 📊
*Fundamental Analysis:*
- *Institutional Demand:* Strong, >$11 billion inflows into Bitcoin ETFs 💸
- *Whale Accumulation:* Strong, indicating confidence 🐳
- *Exchange Outflows:* Strong, indicating accumulation 📈
*Plan.*
- *Bounce:** If it holds above $103K-$104K 🟢
- *Lighten position.* If it breaks below $100K with high volume 🛑
Be strategic and adapt to news! More of these updates to come, follow for better! #MarketPullback #SwingTradingStrategy #USNationalDebt #MyTradingStyle $BTC