1. Strong Uptrend Support: Price recently bounced from around 105,100 to over 110,000. This shows strong bullish momentum.
2. Pullback in Play: After hitting 110,273.21, there's a small red candle formation indicating possible cooling off.
3. MACD Analysis:
The MACD line is below the signal line.
Histogram is approaching zero, hinting at a potential crossover, which could suggest a bullish continuation if it occurs.
4. Support Zone: Strong support is likely between 107,000 – 108,200 based on previous candles.
5. Resistance Zone: Immediate resistance at 110,273 (recent high). A break above could lead toward 111,000+.$BTC $BNB