Bitcoin
Long

BTC/USDT – 1D Chart Analysis !!

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BTC/USDT – 1D Chart Analysis

BTC is holding above the $108K support zone (green box). This area has acted as a demand zone, preventing deeper downside.

Structure: After the breakdown from the wedge pattern earlier, the price is consolidating near support with lower wicks showing buyer defense.

Ichimoku Cloud: Price is still inside the cloud zone, suggesting a neutral-to-bullish outlook. A strong daily close above $110K–112K could flip momentum upward.

Next Targets:

Bullish breakout → Move toward $116K – $120K zone (green arrow projection).

If support fails → Risk of retest around $104K – $102K.

⚡ Sentiment: Market is at a make-or-break level — holding $108K could spark a strong rebound; losing it could trigger further correction.

DYOR | NFA

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