Bitcoin’s Heavy Support Zone Under Attack–Will It Finally Break?

[cryptohog]

Bitcoin(BTCUSDT) currently appears to have completed its pullback to the 100_EMA(Daily), and Bitcoin has failed to break the Resistance lines with high momentum. The Resistance zone($110,920-$110,200), Resistance lines, and Cumulative Short Liquidation Leverage($111,711-$110,745) could prevent Bitcoin from rising.

In terms of Elliott Wave theory, Bitcoin appears to have completed the wave Y of the Double Three Correction(WXY).

I expect Bitcoin to decline at least to the Support lines and Cumulative Long Liquidation Leverage($107,230-$106,277). And there is a possibility that Bitcoin will eventually break the Heavy Support zone($111,980-$105,820) in this attack.

Do you think Bitcoin can finally break the Heavy Support zone($111,980-$105,820)?

CME Gap: $117,235-$113,800

Stop Loss(SL): $111,880(Worst)

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Bitcoin Analyze (BTCUSDT), 1-hour time frame.

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