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#BTC#
We do not see $BTC pumping any time soon.
BTC is trading around $113,364, just above a key support area between $111K – $113K. These levels were the breakout point in July, and they are now being tested again.
📊 The key levels to watch are:
Support: 111K – 113K USD (Critical)
Resistance: $118K - $120K, then $124K
Collapse target: 105K → 96K if the support fails
🟢 Bullish scenario: A rebound from 113K could bring BTC back to 118K–124K, but the chances are very slim.
🔴 Bearish condition: A loss of 111K could lead to a decline towards 98K, and from the current market, this is the direction we are heading unless we receive positive news to push the market up again.
If $BTC drops below $100,000 before Sunday, we will witness the largest liquidation in cryptocurrencies #Crypto Market Rebound# #FOMC July Minutes# #Gate Initial Global Listing YZY# #BTC ETFs Top $153B in Holdings#