Bitcoin Update | Daily Timeframe

On the daily timeframe, we notice a harmonic reversal pattern forming.

It has now reached Point D around $107,000, a historical resistance area.

Key Technical Points:

• The price is at the pattern completion area (D), which is likely to begin a corrective movement.

• Trading volume remains relatively low despite the uptrend, weakening the chances of continued momentum.

• Confirmation of the decline requires a clear break of the support areas of 103,900 and then 101,000.

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