Fibonacci Analysis BTC/USDT (daily chart, local maximum ~109,800, minimum ~104,300)
At the current stage, the price is trading near the 0.5 level (~107,050), which is a critical point.
The 0.618 retracement level (~106,150) serves as strong support. If the price holds above — a bounce to 0.382 (~107,950) and higher is possible.
A break below 106,150 will open the way to 0.786 (~105,000) and further down to the low.
Fibonacci confirms consolidation at key zones, which will determine future dynamics. Purchases are advisable only if the price consolidates above 107,950. Otherwise — a cautious bearish scenario.
