🚀 BTC Market Update (Binance) 🟢

Price Range: BTC is trading between $108,100–$109,600, currently around $108,424, holding firm above recent support zones.

Chart Structure: Technicals show BTC consolidated in a tight range since early June, tracing a bullish “fifth wave” impulse upward. Daily retracement at the 0.382 level has set the stage for an advance towards $112,200–$114,000, as indicated by zebpay and Binance analysts.

Key Resistance: A major supply zone exists at $110k–$110,500, with potential trendline resistance near $115k. Breaking above could clear the path to new all-time highs.

Wave & Fibonacci Outlook: BTC is in wave 3—typically the strongest leg—with a possible target at the 1.618 Fib level around $123k. A breakdown below $107,240 would invalidate this count.

Volume & Sentiment: Spot ETF inflows remain strong while summer volatility is tapering off. Whales continue accumulating near current levels ahead of a potential breakout.

🔍 Trading Outlook

Bullish Scenario: A decisive breakout above $110k, followed by a re-test holding as support, could propel BTC toward $112k–$115k, then even $123k if momentum holds. Look for rising volume and a healthy RSI near 70.

Caution: Failure at the $110k zone or a drop below $107,240 could trigger a deeper pullback to $105k–$106k—a logical lower support zone.