$BTC is at an interesting moment, with mixed signals in the short term suggesting caution, but with underlying optimism in the medium and long term.

Technical Analysis and Key Levels:

Currently, BTC has managed to break the ceiling of a downward trend channel in the short term. This could indicate a slowdown in the decline or the beginning of a more lateral movement. Significant support is observed around $102,400 and a key resistance at $111,600. Overcoming this last resistance could be a significant bullish indicator.

However, despite this "breakout" in the trend channel, some technical analyses evaluate it as "weakly negative" in the short term (1 to 6 weeks), with a score of -27. This is because, while it has broken upward through a resistance in the short term, the RSI (Relative Strength Index) shows a negative divergence with respect to the price, suggesting a possible downward correction.

Factors to Consider in the Short Term:

* Economic Data (CPI): The Consumer Price Index (CPI) data has the potential to generate volatility. Higher than expected inflation could put downward pressure on the price of Bitcoin.

* Technical Patterns: Patterns such as "cup and handle" and "bullish flag" have been identified that point to a possible rally towards $140,000. However, a "head and shoulders" pattern is also mentioned that could indicate a drop towards $101,500.

* Volume and Liquidity: Trading volume and market liquidity are crucial. A close of the 4-hour candles above $108,600-$108,800 with an increase in volume would be a signal of buying pressure. Conversely, a pullback below $107,000, especially $106,600, could indicate a possible search for liquidity in the $104,500-$105,000 area.

* Market Sentiment: Despite some bearish factors in the short term, institutional optimism and the narrative of $BTC .