✅ 4H Chart – Short-Term Outlook
Technical Highlights:
Price is hovering near the upper Bollinger Band ($110,930), with the 20-SMA ($107,978) acting as dynamic support.
Recent candlesticks show long lower wicks, suggesting strong buying pressure and demand absorption.
The chart has broken out of a prior tight consolidation range and is forming a continuation breakout pattern.
Base Scenario:
Price may continue testing the resistance zone around $110,500 – $111,000.
A clear break above this range could pave the way toward the $113,000 area.
In case of a short-term pullback, the $107,500 level will be a critical support to watch.
✅ Daily Chart – Medium-Term Outlook
Trend Outlook:
The uptrend remains intact, with breakout momentum continuing.
Daily candles have closed above the $108,500 – $109,000 resistance zone.
Bollinger Bands are expanding as price pushes above the upper band — a signal of growing bullish strength.
The breakout is supported by increasing volume on recent candles.
Base Scenario:
The uptrend may extend toward $111,500 – $113,000.
Key support lies in the $106,000 – $107,000 range — as long as price holds above it, the bullish structure remains valid.
✅ Liquidity-Driven Scenario
Price appears to be targeting higher liquidity zones where large limit sell orders are concentrated.
In the short term, a swift move upward to "sweep" the $111K – $113K sell-side liquidity remains a highly probable scenario.