#BTCReclaims110K

1. Temporary Trend: Sideways to Weak Bullish

Current Price: $111,070

24-hour High: $111,999

24-hour Low: $108,324

Currently, the price is above MA(99) and near MA(25), indicating that support is still quite strong despite the momentum weakening somewhat.

2. Moving Averages:

MA(7) & MA(25) are starting to flatten → indication of consolidation (sideways)

MA(99) is still rising, meaning the medium-term trend remains bullish

3. Volume:

Volume is starting to decrease after a previous high spike → traders are waiting for confirmation of a new direction.

4. Nearest Support and Resistance:

Strong Support: $110,195 – $109,700

Nearest Resistance: $111,480 – $112,130

---

⏳ 3-Hour Forecast Ahead (Short-Term Outlook):

Scenario 1: Consolidation and Upward Breakout (more likely)

If the price holds above $110,800 and volume starts to increase, then the price is likely to:

Re-test resistance at $111,480 – $111,999

Potential breakout to $112,500+

Scenario 2: Weak Rejection and Minor Correction

If volume remains low and there is no dominant buyer:

It could drop to support at $110,200 – $109,700

This area could become an accumulation zone before rebounding again

---

📌 Conclusion & Strategy:

Weak bullish, but there is still potential for an increase if volume comes back in.

Scalping can be done in the $110,800 area (support) → short target $111,500

Avoid large entries during consolidation, unless there is a breakout volume.