Bitcoin Analysis $BTC

đŸ”ș Key Resistance Levels

1. $105,800.52 – Immediate resistance (short-term breakout point)

2. $106,950.00 – Marked as Liquidation (Up Side); may trigger short liquidations

3. $110,800.00 – Major resistance; Wave 5 potential top

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đŸ”» Key Support Levels

1. $104,218.54 – First support zone (current price hovering above it)

2. $102,500.01 – Liquidation (Down Side); potential trigger zone for long liquidations

3. $100,916.08 – Strong support level; last line of bullish defense

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⚠ Scenarios to Watch

Bullish Case:

A break above $105,800.52 and holding above it could push BTC to $106,950, possibly up to $110,800 (Wave 5 target).

Strong bullish momentum could invalidate the downside liquidity sweep.

Bearish Case:

Rejection at $105,800.52 or failure to hold $104,218.54 support could cause BTC to drop towards the $102,500 - $100,916 zone, triggering long liquidations.

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🧭 Conclusion

BTC is at a critical zone. A decisive move above $106,950 would confirm upside continuation. However, if it fails to hold $104,218 support, it may seek liquidity below $102,500.

Short-Term Bias: Neutral to Bullish, unless key support is lost.