#MarketPullback Bilbao BTC(1 day Timeframe)
Bitcoin has entered a deep retracement phase after printing a fresh new high. ๐
We just saw a breakdown below our black support line, and now the price is sitting on a major support around \$108K.
๐ Key Outlook:
* If Bitcoin closes todayโs candle above the yellow zone, the market sits at a 50/50 decision point โ it could either recover upward or extend the retracement.
* A breakdown below \$108K would likely push us into a weekly deep retracement with targets around \$96K.
* On the way down, weโll watch Arrow #4 & #5 levels closely.
* Arrow #4 is the key wave level ๐.
* If that gives way, we could even see a retest of \$92K (Arrow #6) before reversal.
๐ฅ On the bullish side:
If Bitcoin manages to break back above the black resistance lines, this will be a very bullish signal โ opening the door for another powerful rally and potentially a new all-time high soon. ๐
๐ Summary:
* โ Above yellow = decision zone (watch closely).
* โ Below 108K = retracement targets \$96K โ \$92K.
* ๐ Above black lines = bullish breakout โ new highs ahead.
Stay sharp, fam! โก๏ธ Big moves are coming โ patience and discipline will pay off. ๐
#MarketPullback #SaylorBTCPurchase #TrumpTariffs #DogeCoinTreasury #USGDPDataOnChain $BTC $ETH $XRP