🤑🚀 Bitcoin price regains momentum within the current price range.
Bitcoin is currently situated in the main liquidity zone between $105,000 and $108,950, with short traders fiercely competing here.
Above $109,000: A large number of short stop-loss orders have been accumulated, and any breakout may trigger a series of short liquidations, pushing the price towards $113,000 and $130,000.
Below $107,100: There are dense long leveraged positions. Breaking this level may lead to forced liquidation of long positions, resulting in a price drop to support area 1 between $92,000 and $95,000.
Technical aspects and market structure
Breakout and correction pattern: If the weekly close stabilizes at $107,720, the upward trend may be confirmed, with the target set at $110,000-$130,000. Historical measurement of the "gradual rise" structure in the fourth quarter of 2024 indicates that the bull market may continue.
Short-term resistance and support:
Resistance level: $109,000 (if broken, it may test the $110,000 level).
Support level: $107,500 (if broken, it may drop to $106,500).
Bitcoin's price has recently fluctuated between $106,000 and $110,000, with ETF inflows and selling by long-term holders causing a swing of
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