$BTC is preparing for the next phase? Let's quickly take a look at the situation on 11/07!

🔸 Currently, Bitcoin is approaching the resistance zone on the bullish trendline. This is also a region of quite clear divergence when looking at both the daily and weekly frames – both are points likely to react strongly.

🔹 The area around 108k USD (±) is currently very likely to become a turning point – either a slight correction or a breakout if the cash flow supports strongly enough.

📉 From a personal perspective, I lean towards the possibility that BTC will retest the peak in the short term and then may correct. The likely scenario is that the red candle will close around the 116,100 – 117,400 USD range.

🔸 If the buying force is strong enough to surpass the 118k – 119.xk range, then higher levels such as 125k – 128k or even 135k USD will be the next target – entirely feasible.

🚨 In the worst-case scenario, if a bearish divergence appears right at the current price range, Bitcoin could turn back to the support area of 101,000 – 106,000 USD. If so, a late FOMO could lead many people to easily get “caught at the top” :)) – a bit pessimistic but a precautionary plan should be in place.

📌 Therefore, today I have taken some profits off the table. My strategy is to play it safe first but still leave a portion to benefit if the market continues its upward trend.

👉 In your opinion, is BTC redistributing? Or will it suddenly explode again?