Current Market Overview:

Bitcoin (BTC) is showing mixed signals as it hovers around critical levels. With volume stabilizing and volatility contracting, the market is gearing up for its next major move. But the key question remains: Is it time to buy or sell?

🔍 Key Technical Levels:

Support: $106,500 – $104,000

Resistance: $111,200 – $113,800

Trend: Neutral-to-Bullish on 4H, but facing macro-level resistance

📈 Buyer’s Case (Bullish Signals):
✅ BTC holding above $106K shows strong demand at lower levels
✅ RSI showing bullish divergence on lower timeframes
✅ Long-term holders increasing positions
✅ ETH strength may fuel a broader altcoin rally, pulling BTC with it

📉 Seller’s Case (Bearish Risks):
⚠️ Failed to break above $112K resistance multiple times
⚠️ Spot inflows decreasing while derivative longs increasing = caution
⚠️ Lower highs forming on daily – potential early sign of distribution

🎯 Strategic Takeaway:
🔄 Short-Term Traders:

Range-bound play likely between $106K – $112K

Scalp long near $106.5K with tight stop-loss

Consider partial profit-taking around $111K+

💼 Position Traders:

Accumulate gradually if BTC holds $104K

Wait for breakout confirmation above $113.8K to go heavy long

Sellers can consider hedging if price weakens below $104K