$BTC
BTC is showing some weakness, with funds clearly flowing towards Ethereum. The pullback is not significant, but the daily chart is precarious.
We shouldn't be blindly optimistic about the bullish outlook; first, we need to watch for a pullback during the day. As long as the support levels of 107000 and 106500 hold, the market will stabilize and rebound, and it won't easily turn bearish in the short term.
For Bitcoin, if it stays near the 106500-107000 range, the targets sequentially look towards 108400, 109300, and 110500, with a defense level at 106000.
