📊 Bitcoin — Technical Analysis

On the daily timeframe, BTC broke out of the ascending wedge formation (see the chart). After the downward breakout, the price stabilized around $115.8K, confirming local weakness.

🔑 Key support levels:

☁️ Lower boundary of the Ichimoku cloud.

📉 100-day SMA — $110,000.

📉 200-day SMA — global lower support.

📊 Strong buyer zones are also noted in the volume profiles.

📐 Fibonacci correction (3D chart):

Level 0.79 → $110,599

Level 1.0 → $107,245

These marks are permissible correction zones that the market may test.

📈 Rebound scenario:

If BTC holds $115K–$110K, the nearest upside targets will be at:

$118K (local resistance)

$122K

$127K (upper boundary of the previous formation)

⚖️ Conclusion: BTC is currently testing support after breaking the ascending wedge. Holding $110K is critically important for maintaining the bullish scenario. Otherwise, the market may deepen to $107K.