Yesterday BTC update
i said first target 108843 and today hit

📊 $BTC /USDT Technical Analysis Update

🔴 Current Price: $113,247 (-2.36%)

📉 Technical Overview:
Bitcoin is experiencing a healthy correction after testing $124K highs. The chart shows a clear descending channel pattern with multiple trend line confirmations.

🎯 Key Support Levels:

1️⃣ First Support: $108,000-$108,843
• Previous resistance turned support
• High volume accumulation zone
• Expected bounce area for relief rally

2️⃣ Critical Support: $105,000-$106,000
• Major psychological level
• 50% Fibonacci retracement
• Strong institutional buying zone

3️⃣ Major Support: $97,000
• Ultimate support for bull market structure
• Previous major resistance level
• Maximum correction expectation

📈 Market Outlook:
Short-term momentum suggests continuation toward $105K-$108K range. This correction creates excellent accumulation opportunities for strategic buyers.

⚡ Trading Strategy:
• Bulls: DCA in $105K-$108K zone
• Wait for volume confirmation at support
• Use proper risk management

🚨 Key Levels to Watch:
Resistance: $115K, $117K
Support: $108K, $105K, $97K

This healthy pullback sets foundation for next leg toward $130K+

Not financial advice. DYOR

What's your take? Buying the dip or waiting lower? 👇

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