📈· BTC Weekly Technical Breakdown – Key Support & Resistance Zones You Must Watch ·use

1. ** Current Market Snapshot**

BTC Price: ~$117,306 USD—holding steady in a tight intraday range from ~$115,978 to ~$117,330 .

Recent weeks suggest a stabilization above key psychological levels—specifically $100,000, which remains foundational support .

2. ** Major Technical Levels to Monitor**

Support Zones

Primary Support: ~$100,000—an iconic psychological floor echoes past retracements .

Short-Term Support: ~$107,000—aligned with the 50-day moving average, this level should be watched closely for near-term stability .

Resistance Zones

Current Resistance: ~$114,500–$115,000—Bitcoin has been struggling to fully reclaim this region despite renewed institutional interest .

Upside Target: ~$146,400—based on recent breakout analysis, represents a potential 32% upside from current levels .

3. ** Technical Tools & Concepts**

Support & Resistance Fundamentals
These are price zones where demand (support) or supply (resistance) typically crowd in to halt or reverse price action .

Fibonacci Retracement
A staple in identifying mid-range pullback levels like 38.2%, 50%, or 61.8%—often used for strategic entry or exit points .

Pivot Points (Weekly View)
Weekly pivot zones serve as dynamic support/resistance markers. Calculations like R1/S1 and beyond can pinpoint possible turning points .

4. ** How to Trade These Levels**

Strategy Action

Range Trading Buy near support ($114.5K–$115K). Confirm with volume to avoid false signals .
Breakout Trading Look for breakout above ~$115K on strong volume to target ~$146K. For bearish breaks below ~$100K, prepare for deeper downsides.
Risk Management Always pair entries with tight stop-loss—e.g., just below support for longs, just above resistance for shorts. Combine with RSI or MACD for added confirmation .

5. ** Summary & Trader Takeaways**

On the defense: Bitcoin’s key support lies at $100K, with short-term backstop near $107K.

Potential breakout: Strength past $115K could set the stage for an ambitious rally toward $146K.

Stay nimble: Monitor macro tailwinds—such as renewed inflows and sentiment shifts—and validate moves with volume and supplemental indicators.

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