$BTC — The Line in the Sand: $107,500 🛡️📈

[theSignalyst]

Trend context: $BTC remains overall bullish inside a rising channel. After weeks of choppy pullback, price is retesting the mid-channel support / $107,500 structure.

Key levels:

$107,500: pivotal support (mid-channel + prior structure).

$114,000–$116,000: intraday resistance zone.

$92,000–$96,000: next demand if $107,500 fails (blue zone).

$72,000: macro higher-timeframe support.

Confluence:

Rising channel support + horizontal structure around $107,500 = decision zone.

Scenarios:

Bullish : Hold above $107,500 → continuation toward $114k–$116k, then the channel high.

Bearish : Daily close below $107,500 → rotation toward $92k–$96k demand before bulls can try again.

What’s your take: do bulls defend $107,500 for another leg up, or do we revisit the lower demand first?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.