Here is an analysis based on the Fibonacci retracement on the daily time frame (1D). Currently, BTC is at the 0.236 retracement level, around $111,829. If this resistance were to be broken down, we could consider a drop towards $104,674, which corresponds to the 0.382 Fibonacci level. Below this threshold, the next notable support is at $98,891.

On the 4H time frame, we also observe the resistance at the 0.5 level at $110,650, which remains an important technical point to watch. The other key levels in 4H are 0.382 at $113,615 and 0.236 at $117,226.

Conclusion: we could anticipate a range (oscillation) phase in this price zone. Stay attentive to reactions at these levels to identify trading opportunities. Your move!$BTC