#BTCWhaleMovement #BinanceLaunchpoolINIT $BTC

Technical Analysis (3-Hour Timeframe)

1. Overall Trend

Current price: $108,077.60

Price is above all key moving averages (MA 7, 25, and 99), indicating a bullish short-to-midterm trend.

2. Moving Averages

MA(7) ≈ $107,008 (yellow): acts as short-term support

MA(25) ≈ $104,308 (magenta): mid-term support

MA(99) ≈ $90,833 (purple): long-term support

All are sloping upwards → positive momentum

3. Volume

Steady but not showing strong accumulation yet

No major signs of distribution or panic selling

4. Price Action

Price recently bounced off the 25 MA and is heading upward

Resistance at $111,980 — if broken, could lead to a rally toward $114,951

5. Support and Resistance Levels

Key support: $104,300 and $101,800

Immediate resistance: $111,980

Next resistance: $114,951

Conclusion & Suggestion

Current trend is bullish, but still cautious without strong volume confirmation.

Swing traders might consider entering on pullbacks near MA(25) with target at $114K+

Long-term holders: No significant distribution signs — holding is still safe unless major bearish fundamentals appear.

Would you like a suggested short-term trading strategy based on this setup?