$BTC Update โ Bulls or Traps? ๐ฅ
Bitcoin is holding around ~$108,850 (+0.74%) with signs of indecision. ๐ On the 4H and 1D charts, price remains below key resistance at $110,500. RSI (58โ59) shows moderate strength, while MACD is slightly bullish but flattening out.
๐ธ Money flow data isnโt convincing: 5-day large outflows of -8,320 BTC and a negative 24h inflow (-752 BTC) suggest whales are unloading. Order book depth is still heavy on the sell side (85.9% asks).
๐ฏ Possible Scenarios:
Bullish: Break above $109,300 with strong volume could retest $110,500
Bearish: Drop below $108,100 may trigger further selling towards $107,200
โก Strategy: Stay cautious. Confirm breakout before entering. Tight SL advised.
๐ข Are you team breakout ๐ or team fakeout ๐ญ? Comment below!