🚀 $BTC Midweek Update (20/08)

$BTC is trading around 113,700 (-1.4%), holding key support after failing to push above the 120K–120.5K zone.

📊 Current Setup (Daily)

BTC is testing the 112K–113K area, aligning with the 200 EMA and 0.5 Fib retracement.

✅ Bullish Path: If support holds, expect a rebound toward 116K–117.5K, with the bigger test at 120K–120.5K.

❌ Bearish Risk: A break below 112K could send price down to 108K–109K, or even 104K (0.786 Fib).

🔑 Key Levels

• Support: 113K–112K | 108K–109K

• Resistance: 116K–117.5K | 120K–120.5K

⚡ Outlook: BTC sits at a make-or-break level — holding 112K keeps the long-term bullish bias alive, but losing it opens doors to deeper downside.

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