🔎 Current Status of BTC
Price: 111K
Main Resistance: 113K
Nearest Support: 109K – 108K
🛑 Why is 113K Important?
Psychological Resistance Level (a rounded number that attracts the market).
High Liquidity Area: where sell orders (Shorts) are accumulated.
If it breaks strongly + with large trading volume → the market enters a new price area.
🚀 In Case of Break:
First Target: 115K
Then: 118K – 120K (Here it may face a new correction).
⚠️ In Case of Failure:
Rejection from 113K → it goes back to pull back to 109K or even 106K where the last liquidations were.
👀 The market is currently based on futures decisions and liquidity, meaning we need to monitor trading volume (Volume) + open interest (Open Interest).
