#MarketPullback Bilbao BTC(1 day Timeframe)
Bitcoin has entered a deep retracement phase after printing a fresh new high. đ
We just saw a breakdown below our black support line, and now the price is sitting on a major support around \$108K.
đ Key Outlook:
* If Bitcoin closes todayâs candle above the yellow zone, the market sits at a 50/50 decision point â it could either recover upward or extend the retracement.
* A breakdown below \$108K would likely push us into a weekly deep retracement with targets around \$96K.
* On the way down, weâll watch Arrow #4 & #5 levels closely.
* Arrow #4 is the key wave level đ.
* If that gives way, we could even see a retest of \$92K (Arrow #6) before reversal.
đ„ On the bullish side:
If Bitcoin manages to break back above the black resistance lines, this will be a very bullish signal â opening the door for another powerful rally and potentially a new all-time high soon. đ
đ Summary:
* â Above yellow = decision zone (watch closely).
* â Below 108K = retracement targets \$96K â \$92K.
* đ Above black lines = bullish breakout â new highs ahead.
Stay sharp, fam! âĄïž Big moves are coming â patience and discipline will pay off. đ
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