🔍 Key Technical Observations: $BTC

Pattern Formation

Symmetrical Triangle: Price is compressing between lower highs and higher lows — a neutral consolidation pattern.

BTC is currently testing the upper resistance line of the triangle near $108,000–$110,000.

Support Levels

Immediate support: $107,981

Key zones below:

$105,513

$104,051

$97,670

Major support zone at $92,075 and $86,844

Resistance Levels

Immediate resistance: $108,013 (triangle top)

Breakout target: If broken, BTC could retest previous high zones around $115,000 and potentially aim for $120,000–$125,000 region.

Volume & MACD Histogram

The histogram is slightly negative, suggesting bearish momentum has slowed but not yet reversed.

A bullish breakout would need confirmation with increasing volume and histogram flipping green.

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🔮 Potential Scenarios:

✅ Bullish Breakout

If BTC breaks above $110,000 with strong volume:

Target 1: $115,000

Target 2: $120,000–$125,000

Confirmation: Daily candle close above triangle resistance

❌ Bearish Rejection

If price gets rejected here and breaks below $105,000:

Support retest at $97,670

Further downside to $92,075 or even $86,844 if selling pressure increases

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📌 Strategy Suggestion:

Aggressive Entry: Buy on breakout + volume above $110K

Conservative Entry: Wait for daily candle close + retest above breakout

Stop-Loss: Below $104,000 (previous swing low)

Short Setup: On rejection at resistance with breakdown below $105K