Bullish Scenario📉:
If the price breaks above 107,108.62, BTC could target 110,000–112,000 USDT.
A large volume is needed to sustain the upward momentum.
Bearish Scenario📈:
If the price drops below 105,116.26, it may retest 104,198.84 or lower.
RSI > 60 indicates caution for a correction.
Recommendations📌
Short-term investors: Consider buying if the price holds above EMA7 (106,001.36) and RSI does not exceed 70.
Long-term investors: Monitor signals from the Halving 2024 event and the overall market trend.
Risk management: Set a stop-loss order below 104,200 if trading short-term.