#BTCUSDT Weekly overview:

👉Current Situation:

Price: $107,354 Approx.

Resistance Zone: $110,266 Approx (recent local top).

Support Zone/Demand Zone : ~$103,040 (short-term demand/support area).

🔍 Observations:

1. Triple Top Potential?

. Price has tested the ~$110K level multiple times but hasn’t broken out decisively. This could signal strong resistance.

. If rejected again, a pullback to $103K or lower is likely.

2. Range-Bound Action

. BTC is currently ranging between ~$103K and ~$110K.

. Traders may look to long near $103K and short near $110K, unless there's a breakout.

3. Volume + Candlestick Structure:

. Candlesticks show indecision near the top, possibly signaling exhaustion unless buyers step in strongly.

✅ Bullish Scenario:

. A weekly close above $110,266 with volume could trigger a breakout to new highs (next targets: $115K–$120K+).

. Could indicate market confidence and the start of a fresh leg up.

⚠️ Bearish Scenario:

. Failure to break $110K again could lead to a pullback to $97K–$100K, or deeper towards the $88K–$92K range.

. Watch for a bearish engulfing candle or high volume red bar.