Market Overview:
Bitcoin is trading near 108,458 after pulling back from a recent high. Price action remains within an upward structure and is testing the 108,000 support zone. Market dynamics suggest a potential rebound toward the D1 resistance at 110,580.
Technical Signals & Formations:
— AB=CD pattern completing near the 108,000 area
— EMA and trendline act as confluence support
— Formation of bullish structure within rising price channel
Key Levels:
Support: 108,000, 107,285
Resistance: 110,580
Scenario:
Primary: if Bitcoin holds above 108,000, a move toward 110,580 is likely.
Alternative: a break below 108,000 may increase downside pressure and target 107,285.
This news is powered by TradingView 
