๐๐ Bitcoin is knocking on the ๐ฐ$110K door โ breakout or bounce?
BTC is holding at ~$107,700, hovering just below a strong resistance zone at $108Kโ$110K.
Chart Highlights:
๐ธ Higher lows since April โ overall bullish trend
๐ธ Multiple rejections at ~$108K โ buyers are cautious
๐ฏ Key Scenarios to Watch:
โ Breakout above $110K โ triggers a rally to $115K+
โ Rejection here โ watch for a dip toward $100Kโ$98
๐ฏ Strategy Tip:
Iโm waiting for a clean daily close above $110K before considering long entries.
If rejected, Iโll look for a potential buy zone near $100K.
๐ Takeaway:
Price is at a decision pointโpatience and smart entries are key before making your move.
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