$BTC HITS $107,990 – Is a Breakout Brewing or a Trap?

📈 1H Chart Breakdown:

Price: $107,345.85 (+1.39%)

Recent High: $107,990

Support Zone: ~$106,700 (MA7)

Major Support: ~$104,844 (MA99)

RSI: 69.60 → Entering overbought zone

The volume spike confirms buying pressure, but red candle shows early rejection.

My Take: This might be a classic “liquidity grab” before retrace — or just the beginning of another leg up. RSI is heating up, so I’m cautious about long entries hereout confirmation above $108K.

🔎 What I’m Watching:

Candle closclosedve $108,000 for bullish confirmation

RSI cooling to <60 for safer re-entry

Volume consistency — we need follow-through

📉 Bearish Scenario: If we break below $106.1K (MA25), I expect a drop to ~$105K region.

📈 Bullish Scenario: Clean break and hold above $108.2K could lead to a $110K test.