🌟 $BTC Market Update & Outlook
Current Price: ~$107,422 — holding strong after a +1.6% rally today.
Intraday Range: ~$105,445 – $108,129.
Catalysts: A ceasefire in the Middle East and a weakening U.S. dollar have fueled bullish sentiment .
📊 Technical Snapshot
Trend: A strong V-shaped recovery from ~$98K to ~$107K on the 4‑hour chart signals renewed bullish momentum .
Indicators: 50‑EMA crossing above 200‑EMA on lower timeframes supports continued upside .
Key Levels: Holding support at ~$106K–$107K; breakout above $110K would open room for a move toward $112K–$114K .
🔜 Forecast
We expect BTC to test $110K in the near term. Confirmation will come after:
1. Price clears $107.7K–$108K with volume support .
2. Successful retest of the $106K support zone.
✅ Trading Strategy
Aggressive Entry: Buy on dip toward $105K), aiming for $110K+.
Conservative Play: Wait for a clean breakout above $108K–$110K before entering.
Risk Control: Monitor macro headlines — any sudden rate news or geopolitical risk could trigger sharp pullbacks.
💡 Summary
BTC is back above $107K with strong technical bounce and supportive macro backdrop.
Momentum and pattern formations suggest a rally toward $110K — the next critical resistance.
Use structured entries and risk limits; a confirmed breakout to $110K could set up new all-time highs.
