- Current Price: $109K-$110K (Just 2% below ATH of $112K)
- Key Support Levels: $94K & $80K
- Key Resistance Zone: $110K-$112K (Critical breakout level)
🔮 Bullish Case:
If $BTC breaks $110K-$112K with strong volume and a bullish weekly close, a surge toward $135K-$150K is likely. Watch for confirmation signals like high volume and strong RSI.
⚠️ Bearish Case:
Rejection at $110K-$112K could trigger a retrace below $100K, testing support near $94K-$80K. If the market sees heavy sell pressure, a deeper correction could unfold.
🎯 Strategic Move:
While overall sentiment leans bullish, I’m considering a short trade with a 3% stop loss near $100K, factoring in resistance at ATH levels. If the breakout occurs, reevaluation is key.
💡 Extra Insight:
- Market Sentiment: Funding rates & open interest suggest heightened speculation—watch for sudden volatility spikes.
- #Altcoiens Correlation: If BTC breaks higher, key altcoins like $ETH & $SOL could follow with explosive moves.
