#BTC
📊 Updated Technical Analysis
🔹 Price Action & Key Levels
Current Price: ~$108.7K
Support Zones: Primary support sits at $106.5K, aligned with last breakout level. Secondary support around $105.4K–$105.8K .
Resistance to Watch: Near $110K, then the psychological mark at $111.9K–$112K (recent all-time high region) .
📈 Bullish Structure & Indicators
Broke above $106.5K on June 9, spiking to $108K, and the retest has been supported — a classic bullish confirmation .
RSI (4h) stands around 65–68—overbought—but not yet extreme .
MACD recently had a bullish crossover on 4h, signaling momentum continuation .
Volume surged ~25% during breakout and retest—strong buy interest and conviction .
⚖️ Risk & Scenarios
Bullish: Holding above $106.5K keeps the bullish momentum alive. A breakout above $110K could open doors to $112K and possibly set new ATHs.
Bearish Trigger: A daily close below $105.4K may suggest a deeper correction—possibly toward $102K–$104K short-term.
🧠 Summary
Bias: Bullish as long as $106.5K–$105.8K support holds.
Upcoming Watchpoints:
1. $110K zone – resistance & potential profit-taking area
2. $112K–$112K+ – region of all-time highs
Stay sharp. Trade smart.
