📊 Current Situation
$BTC is trading in the range of approximately $105,000–$110,000.
The asset recently slipped below the $109,500 support level, signalling possible weakness in the near-term.
Broader crypto market conditions show caution: liquidity tightness and macro-factors (like interest rates) are weighing.
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🔍 Key Levels & What to Watch
Support: ~$100,000 is a psychologically key level. If BTC fails to hold this, the next support zone could be around $95,000.
Resistance: ~$115,000-$120,000 remains an upper bound; clearing this could open further upside.
Outlook: Because support has been compromised and sentiment is fragile, expect range-bound movement or downside risk unless a clear catalyst emerges.
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💡 What this means for traders/investors
If you’re trading short term: best to wait for a clear bounce off support or a break of resistance before entering.
If you’re investing longer term: the recent dip could present a buying opportunity, but be comfortable with volatility and possible further downside.
Keep an eye on macro news: interest-rates, regulatory updates, ETF flows — these can change sentiment quickly in crypto.
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