$BTC updates
Facing resistance and main hurdle 108- 110k ,$BTC is hovering around 108.7k.$BTC must sustain above 110k in next 24 hours to retest All time high level and further move to 115 to 120 k.And should not trade below 105k.Trading below 105 k will retest recent low or may even continue low low formation trend.Lets discuss important levels:-
Key levels to watch:-
➡️ Supports-
S1- 105k(immediate support),S2-101-102k(main support and buying zone,s3- Psychological support 100k.
➡️ Resistance-
R1-108k to 110k,R2- 112k(major resistance)
So,BTC may continue its low low position or retest recent low failure to breakout above the resistance or BTC will make a fresh high and continue its bull trend after a certain correction and consolidation.
Trend- positive
sentiment-Positive
position - watch and wait for breakout /Do nothing in the middle of the trend/Or wait for the market to fall till the entry /buying lvl.
⚠️ This is my personal analysis so please do research before subject to any financial activities.