🔥 Bitcoin 1/9 – The life-and-death battle at the crucial support zone! 🔥
BTC is entering a very tense phase as the price plummets towards the support range around $107,000 – $108,000. This is the 'last line of defense' – if it breaks, the market could fall into chaos, but if it holds, it will be a breakout point for a fierce counterattack! 🚀
📌 Daily Frame (D1):
After many strong sell-offs from the peak above $124,000, BTC is testing solid support again.
The D1 candle is continuously being pushed down, indicating that the bears are still 'in control'.
However, the buying pressure around $107k is not weak – each time it touches this level, the lower wick pulls up, showing that the whales have not given up yet.
📌 H4 Frame:
The short-term trend is leaning towards a decline, but H4 is starting to show signs of accumulation.
If it bounces from this area, the nearest target will be $113k – $115k, and further could aim for $120k.
Conversely, if it breaks below $107k, BTC could fall to dangerous levels like $104k – $103k, even opening the door for a deeper decline. ⚡
💥 In summary: BTC on September 1st is in a 'life-and-death battle'. The bears want to sink it, while the bulls are trying to protect the fortress at $107k. The market right now resembles a tense battlefield – just one explosion, and the trend will be clear!
👉 What do you think? Will BTC hold the fortress at $107k or will it collapse? Comment below to discuss strategies together!
