Viewforstar #58 $BTC

This morning, BTC dropped quite strongly, the selling pressure matched with a large volume 1-hour candle bringing the price down to 110x, so traders are starting to adopt short strategies.

Main Fibo levels

• 0.236 Fibo ≈ 116,000 USDT → BTC has broken through this, now it acts as resistance.

• 0.382 Fibo ≈ 110,500 – 111,000 USDT → this is an important short-term support, the price recently tested near this area (110,680).

• 0.5 Fibo ≈ 108,000 USDT → strong medium-term support, coinciding with MA129 D1.

• 0.618 Fibo ≈ 104,000 – 105,000 USDT → extremely strong support, if this area is broken, the medium-term uptrend will fail.

• 0.786 Fibo ≈ 98,000 USDT → the last support before returning to the 92–94k range.