Bitcoin is currently trading near $106,000, showing mixed signals as bulls and bears fight for control. 📊 After reaching highs around $126K, BTC corrected sharply, testing key support between $104K–$106K. This zone is crucial — if Bitcoin holds above it, we could see a rebound toward $116K–$118K soon. 📈
However, if the price breaks below $100K, the next major support lies near $84K, where buyers might step in again. ⚠️ RSI around 40 indicates the market is slightly oversold, hinting at a possible short-term bounce.
💬 Market Sentiment: Institutions like JPMorgan remain optimistic, setting a long-term target around $170K, comparing Bitcoin’s potential to gold. 🪙 Meanwhile, traders stay cautious due to high volatility and profit-taking by long-term holders.
🔥 Trade Strategy:
Buy near $104K–$106K (support zone) if strong reversal signals appear.
Target $116K–$118K for profit-taking.
Set stop-loss below $100K to manage risk. Remember: crypto moves fast — always trade with discipline! ⚡
📉 Summary: BTC is at a critical decision point — hold the line and bounce 🚀 or break down and fall 📉. Watch closely!