Based on today's analysis and reliable sources from Binance and market analysis, here is my neutral technical opinion on Bitcoin (BTC):
🔍 Current situation of BTC:
Current price: around $108,000 – $109,000
Movement in the last 24 hours: slight decrease (~0.85%)
Nearest support: $107,500
Nearest resistance: $110,500 – $112,000
📈 Factors indicating a likelihood of an increase:
Massive inflows into ETF funds
Over $50 billion has recently entered the market through Bitcoin exchange-traded funds (ETFs) - a sign of confidence from large investors.
Stability above a strong support level
The price has managed to stay above $107,000, indicating buyers at this level.
Moral boost from CZ's statements
The former founder of Binance has reiterated his prediction of BTC reaching 1 million dollars - increasing optimism among traders.
📉 Factors indicating a likelihood of a decline:
Massive liquidations
More than $35 million in long positions have been liquidated in a few hours, which may lead to further temporary declines.
Fluctuation in US economic data
Any negative data about the US economy or interest rate hikes could lead to a general market decline.
Short-term traders sell at 110K
A historically strong resistance area.
🎯 Closest forecast:
🔄 Fluctuation between $107,500 and $110,500 in the next 24–48 hours.
If the resistance is not broken, the price may return to test $106,000–$107,000.
If $110,500 is breached firmly, it may reach $113,000+ quickly.
✅ Advice:
Don't enter the market with all your capital at once. Use a dollar-cost averaging (DCA) strategy, and set a stop-loss order below $106,000.