BTC Pullback or Breakout? Key Levels to Watch Around 110K

Bitcoin is showing repeated rejections from the $110K and $108K zones. Currently, it's moving upward from the $98K area toward resistance, but price action remains compressed between the major trendline support and resistance.

This range-bound structure suggests that a pullback may be imminent, especially as RSI is forming consistent bearish divergence and the MACD is signaling weakness. A liquidity sweep to the downside could occur before a decisive move.

However, if BTC manages to break above the converging trendlines with strong volume, we may see a move toward $110K again for a retest. Watch $106K as an intermediate support. If that fails, further downside may follow.

📌 Trading Insight: Wait for confirmation before entering — don’t jump in without a clear signal.