🚀 Bitcoin has smashed through the $110K mark, reaching a new local high near $111,750 before consolidating around $111,100.
📊 Technical Breakdown
• RSI (1H): 61 — bullish momentum building
• MACD: Confirmed bullish crossover
• EMA20/50 (1H): Price holding above both — trend intact
• Bollinger Bands: Expanding — confirming volatility breakout
📌 Key Levels
• Support: $110,000 – breakout retest zone
• Resistance: $112,000 short-term, $115,000 medium-term
🎯 Strategy Setup
• Entry: $110,600 on pullback
• Take Profit: $114,800
• Stop Loss: $108,500
High reward setup for continuation traders. Volume confirms strength. Whales are still buying dips aggressively.
