$BTC

Bitcoin's modest 0.51% gain tells me we're in a period of careful positioning rather than explosive momentum. As I analyze the current structure, I think the market is digesting recent gains while smart money accumulates at these elevated levels.

The support I'm monitoring sits around $107,000 - approximately 10% below current price action. This level coincides with previous resistance turned support, and I believe whale wallets are prepared to defend this zone aggressively. The psychological impact of staying above six figures cannot be understated for institutional confidence.

For resistance, I'm tracking the $130,000 level, which represents about 9.5% upside from here. When whale activity intensifies around this pivot point, I expect volume to surge dramatically as we approach this critical threshold. The confluence of round numbers and Fibonacci extensions makes this a natural battleground for large players.