Bitcoin's Critical Support and Resistance Levels Signal Major Move

The Bitcoin chart aligns with yesterday's projection, indicating the recent pullback was expected. The critical question now is whether the price will rebound from the lower trendline or break below it. If a bounce occurs, the immediate levels of interest are approximately 106,500 and 107,800. Conversely, a breakdown points to a level around 103,500. Price levels between these will not satisfy market traders looking for swing trades; however, opportunities for scalping will remain plentiful. Bitcoin remains in a macro uptrend, but the recent surge has created significant deviation from major moving averages. A correction to approximately 99,000 could happen without breaking the weekly trend, and such a move would generate sufficient volume to propel the price upward again. Key levels to monitor include: above 104,820, 105,583, 106,407, and 108,000; below 103,975, 102,380, 101,425, and 100,680. The liquidation heatmap signals high volume zones around 106,070 to 108,952 above, and 103,470 to 101,165 below. The current trend is daily sideways, weekly up, and monthly up. This analysis suggests traders should watch these critical level zones for potential entry or exit points, as the market is at a pivotal moment that could determine the next directional move.