๐ฅBitcoin Update: Finding Its Balance โ๏ธ
Bitcoin is making an early attempt to find balance here.
Right now, BTC is trying to settle into a range from which it can make its next big move ๐ฎ. So far, the 107K level has acted as solid support, just as expected โ . This zone shows strong confluence, and I believe it will hold for now.
Just below, around 105K, weโve got an older POC (Point of Control) and the 0.382 Fib retracement โ often the strongest pullback level in a bullish trend ๐โก๏ธ๐. Personally, I still see that as a better buy zone for anyone looking to enter or scale in.
From a higher time frame (HTF) perspective, dipping into 105K doesnโt break the bullish structure, and the confluence remains strong there too.
Considering the fundamentals, a drop to 105K is possible but not the most likely outcome. For now, the most probable scenario is BTC holding above 107K and consolidating on top of it while prepping for the next move โก๏ธ.
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