📊 Detailed Analysis of Bitcoin (BTC)
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📌 Current Price: Approximately $105,360, with a slight decline today.
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🔍 What’s Happening?
BTC is consolidating within a symmetrical triangle in the short term, indicating a period of accumulation and waiting.
Movement within the triangle with low trading volume usually precedes a bullish breakout (as a continuation pattern).
Monitoring price action near the upper edge at 107,000 – 108,000 is important; breaking it will push the price towards 110K–112K.
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📐 Support and Resistance
Immediate Support: $104,000 – breaking below it has the potential for a correction to $103,000.
Critical Resistance: Between 107,000 – 108,000 – breaking it may open the way towards 110,000+.
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🧠 Technical Indicators
RSI and volume drivers indicate slight buying accumulation.
MACD remains neutral; we are waiting for confirmation of a clear direction.
The indicators show a cautious market, but it leans towards a bullish trend with caution.
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🧭 Trading Recommendations
Timeframe Buy Entry Stop Loss Adjustment Target
Daily At 105,500 Break 104,000 107,500 – 108,000
For Traders Break above 107,000 Break below 105,000 110,000 +
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🧲 Summary:
The market is in a consolidation phase within a symmetrical triangle, and the signal combines calmness and caution.
✅ A breakout above resistance at 107K–108K is a strong opportunity for a move towards new levels.
🔍 Until the breakout is confirmed, stay balanced and monitor the stop loss to ensure risk management.
