$BTC 3. Price Patterns:

• A narrow descending wedge or a consolidation triangle appears on the daily timeframe, indicating a period of consolidation. These patterns may lead to:

• A bullish breakout if the price breaks the resistance at $112,000 with strong trading volume.

• A bearish retracement if it fails to break and breaks the support level at $101,000.

• Recent daily candles show volatility, with attempts to break but no strong closes above resistance.

4. Trading Volume:

• Daily trading volume ($43-47 billion) is high but has not recorded a sharp increase at resistance levels. A bullish breakout requires a significant increase in volume to confirm momentum.

5. Support and Resistance Levels:

• Support: $101,872 (Fibonacci level 0.786), then $97,000-$95,000 if a correction occurs.

• Resistance: $108,000-$112,000, with a bullish target at $120,000 if the breakout occurs.