$BTC
🚨 Currently, BTC is stuck in a very narrow range:
Support below: 20-day moving average ($107245)
Resistance above: $110600
This situation is like a spring compressed to its limit, it's hard not to explode! 🚀
🟥 Downside Risk Analysis
If the price falls below the $107245 moving average, it means the bulls can't hold on.
The next stop is $104600
If it continues to be lost, it will trigger market panic and directly fall back to the $100,000 psychological level!
The shorts are waiting to see the bulls miss this step...
🟩 Upside Opportunity Analysis
But don't worry! The bulls are not vegetarians either:
As long as BTC breaks through and closes above $110600
It will open up room for upside, with the initial target at the historical high of $111980
Then challenge the 'inverted head and shoulders neckline'. Once it stands firm, a new round of bull market may begin
Final target: $150000! 💥
🎯 Brothers Summary: What to do now?
⬇️ Fall
Break below 107245
Look to 104600 → 100000
⬆️ Rise
Breakthrough 110600
Impact 111980 → Break through the neckline and look at 150000