$BTC is approaching the main resistance level - Stay tuned for the reaction!
The price of $BTC hovers around the level of $109,000, showing slight strength after a steady rise.
However, with the level of $110,000 representing a major resistance area, bulls must decisively break through it to maintain momentum.
Setup - BTC/USDT (30-minute chart)
• Current price: $108,915
• Resistance area: $109,500 - $110,000
• Support levels: $108,000 / $107,500
• Trading plan: Wait for a breakout above the $110,000 level to continue rising, or sell from the rejection area with a tight stop-loss just above the $110,000 level.
Caution - The next move may determine the market direction for the rest of the week.
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