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Bitcoin (BTC/USD) opens the week near $110,000, with traders watching macroeconomic signals and crypto sentiment for directional cues. As global markets digest mixed data and central banks weigh policy shifts, the price action of Bitcoin reflects broader uncertainty as it is caught between bullish momentum and technical resistance.
Macro factors driving crypto sentiment
Speculation around Federal Reserve rate cuts, softening U.S. economic indicators, and cautious risk appetite continue to shape crypto flows. While traditional assets respond to Powell’s commentary and yield dynamics, Bitcoin remains sensitive to liquidity conditions and investor positioning. Overnight moves and macro flow will likely influence early-week momentum.
Technical setup: Breakout or breakdown?
Bitcoin is testing resistance around $113,000, a level that has capped recent rallies. A confirmed breakout above this zone could accelerate gains toward $115,000–$117,000, with $120,000+ in sight under strong bullish flow. Conversely, failure to hold support around $108,000–$110,000 may trigger downside pressure toward $105,000 or even $100,000.
- Bullish setup: Long entries on breakout above $113,000 or buy on dips around $108,000–$110,000 if support holds.
- Bearish setup: Short if price rejects $113,000 or breaks below $108,000.
- Range play: Tactical trades within $108,000–$113,000 until breakout confirms direction.
- Resistance: $113,000, $115,000, $117,000 and $120,000
- Support: $108,000, $105,000 and $100,000
Momentum watch: Macro flow and volume confirmation
With Bitcoin hovering near a key inflection point, traders should monitor volume signals and macro headlines for confirmation. A clean breakout with strong participation could shift sentiment decisively, while rejection may reinforce range-bound conditions.
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