#DayTradingStrategy Digital currency forecasts, especially for Bitcoin, indicate the likelihood of continued fluctuations within a narrow range before a strong movement occurs. Here are some key points ¹:

- *Support and Resistance Levels:*

- Support: $100,000 - $97,000, and $74,500 - $72,000.

- Resistance: $112,000, and $121,199 - $122,500.

- *Technical Forecasts:*

- Bitcoin is expected to remain within a trading range between $104,000 and $110,000.

- A breakout above $110,000 could lead to a rise towards $114,500 - $125,000.

- *Potential Scenarios:*

- Bullish Scenario: A breakout above $110,000 and holding above it, which may lead to a continuation of the rise towards $123,000 - $125,000.

- Bearish Scenario: Continued weakness in liquidity and buying momentum, which could lead to a break below $104,000.

- *Technical Analysis:*

- The flat ascending wedge pattern indicates the possibility of a rebound from the support area.

- The harmonic Gartley pattern indicates a potential reversal area at $106,290 - $106,400.

It is important to note that these forecasts are based on technical analysis, and actual results may vary. It is advised to continuously monitor the market and periodically review analyses to make informed decisions. $ETH