📉🔥 Bitcoin… Is it time for the explosion or the big fall? 🔥📈
On the 1-hour frame (1H), we see Bitcoin trapped between strong support at 110.4k–110.8k and fierce resistance near 113k. This area resembles a trading trap; breaking it could mean a launch 🚀 towards 117k–123k, while failure could push us into the abyss at 107k or even 100k!
✦ Scenario 1: Bounce from support = Quick buying opportunity with a stop loss below 110k.
✦ Scenario 2: Confirmed breakout above 113k = Opening the way for additional gains.
✦ But beware! Breaking 107k could turn optimism into panic 🩸.
👀 The market is now full of volatility, and momentum does not yet confirm any clear direction.
❓In your opinion: Is what we are seeing smart accumulation before a launch or just another bull trap?
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