Bitcoin Signals Short-term Reversal with Resistance at $110K

Bitcoin is currently experiencing a phase of re-evaluation after bouncing from a demand zone with increasing volume. This movement suggests buyer interest, although the reaction at the supply zone will be crucial in determining its next direction. The price established a higher low at $107,600, followed by an upward break of structure, indicating a short-term trend reversal and potential liquidity entry points for institutional traders targeting stop-losses above previous highs. The resistance between $109,800 and $110,000 has shown strong activity, with an initial attempt to surpass it met by a bearish rejection reflected in the upper wick, signaling active selling pressure. Should the bullish momentum persist with rising volume, a breakout beyond this supply zone could lead to new highs, whereas a failure to do so might result in a retest of the $107,600 level. More detailed analysis is available at the linked site.