$BTC 🚨 Bitcoin Market Update – $BTC Holding Crucial Levels! 🚨
Bitcoin is currently trading around $111K, showing signs of stabilization after a sharp pullback from $124K highs. 📉➡️📈
🔑 Key Insights:
Support Zone: $107K – $110K (watch $100K as the ultimate floor)
Resistance Zone: $117K → $123K
Trend Check: BTC just lost the 100-day MA (bearish sign ⚠️), but a breakout above $116.8K could flip sentiment bullish again.
Macro Factors: ETF flows, Fed policy, and whale movements are fueling volatility.
📊 Market Outlook
✅ If $110K support holds → potential rebound toward $117K+
❌ If broken → risk of deeper correction toward $100K
⚡ Pro Tip: Traders should stay alert for fakeouts. A confirmed breakout above $116.8K could open the path to new highs 🚀
💬 What’s your strategy here? Accumulating on dips or waiting for breakout confirmation?
