$BTC 🔥
Price is consolidating just below a key resistance zone at 110,800–111,200, following a strong rebound from the 108,000 dynamic support.
4H Structure: Bullish trend with a solid base forming.
1H Context: Sideways accumulation with stealthy breakout attempts. Technical indicators (RSI > 60, MACD bullish crossover, rising OBV) support potential upside.
Possible Scenarios:
Bullish case: Break and close above 111,200 with strong volume → targets: 112,200, then 113,500
Bearish case: Break below 108,000 with selling pressure → targets: 106,000, then 104,400
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Entry condition: Wait for confirmation on 15M or 1H timeframe with volume alignment.
Recommendation: No entry before a clear breakout or breakdown confirmation.
