Market Update...
Bitcoin $BTC
|> Current Price: $103,000
After breaking the 100K barrier, the market has started to show strong momentum signals, but will we continue to rise or face a correction soon?
√ Bullish Scenario:
If Bitcoin stabilizes above the $102K - $104K area, we may see a push towards the $110,000 level as a short-term target.
Technical indicators (like RSI and MACD) remain positive but are approaching overbought territory.
Bearish Scenario:
Breaking the support at $101K could lead to a correction towards the $96K - $98K areas to gather new liquidity before continuing the upward movement.
Note: especially with the current market volatility.
Advice for Traders:
Carefully monitor liquidity movements in the market.
Always use stop-loss.
Do not enter with your entire capital at once.
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