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📊 #Marketupdates On the 4hr Bitcoin chart, price action is respecting the Monday range quite well: $110.4k (Monday High) is acting as firm resistance. $108.6k (Monday Low) continues to hold as support, with multiple successful retests in the past day. The $109k level (Weekly Open) is beginning to show signs of 4hr resistance too. To maintain bullish momentum, I’d like to see a clean break above the $109k zone soon. However, the longer we consolidate below it, the more likely we see a sweep of the $107k–$106.5k range. ✅ Strong start to the week in terms of trade setups — let’s see how things develop today!
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#Marketupdates Bitcoin remains in a tight consolidation phase, holding firmly above $103K on the 4-hour chart. Over the past four days, every 4H candle has closed above this level, confirming it as key support. On the upside, price faced another rejection near $106K, reinforcing $106.3K (Weekly Open) as significant 4H resistance. This level continues to cap any bullish momentum. Currently, the market is ranging between $102K - $107.1K (Monday’s range), and with prolonged sideways movement, a larger breakout is becoming increasingly likely. Outlook: A decisive break above $106.3K may trigger a run toward the ATH. A failure to hold $103K could open the door for a retest of sub-$100K levels. At this stage, the direction of the next major move remains uncertain — caution and patience are advised.
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#Marketupdates If you've been keeping up with my recent posts, you probably noticed Bitcoin got pushed back right at the Weekly Open of $104K this morning. This level has been tough to crack for the last four days. On the flip side, $103K is holding up as solid support on the 4-hour chart, so we're stuck in a really tight range- less than 1%-heading into the weekly close and US futures open. With the US credit rating downgrade last Friday, expect some bumps and shakes in the market over the next day. For now, I'm watching $103K and $104K closely-breaking either way should give us a clue about what's next for $BTC .
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#Marketupdates Price is tightening up between those orange trendlines - classic compression. That means more chop until we get a bigger breakout. So scalping is the name of the game right now, but stay sharp - things can flip quick. We're still getting rejected below the trendline and $104K (Weekly Open) remains tough resistance. That 0.75 Fib level near $106K? Nailed it - best entry in recent days. Premium Group was on it early. Now, all eyes on the trendlines. Whichever breaks first will likely lead the next big move. Stay ready.
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