#BTC Market Outlook#

Bitcoin has reached the level of 104,000 USD and opened the door to a brand new era in the crypto markets. This breakout is significant not only in technical terms but also in terms of psychological and institutional confidence.

From a technical analysis perspective, with BTC reaching this level, the price has touched the upper band of an expanded bull channel. According to Fibonacci extension levels, the first resistance area after 104,000 is located in the range of 110,500–112,000 USD, while in the event of a possible pullback, the 98,000–100,000 USD band stands out as the first strong support.

Although the weekly RSI is hovering in the overbought zone, the market momentum appears to be continuing.
This also indicates that short-term corrections are possible as long as the rise is not supported by a healthy consolidation.

On-chain data shows that large wallets, the ( whales, have started taking profits, but long-term investors are not participating in the selling pressure.
This situation can be seen as a positive sign that the current rally has not yet come to an end.

Strategic notes for investors:
• In such aggressive rising periods, a strategy of taking profits in pieces can be applied.
• Waiting for short-term corrections can provide healthier risk management for investors looking to enter.
• Macro developments, particularly expectations for interest rate cuts in the US and ETF inflow volume, will be the main factors determining price stability at these levels.

104,000 USD is not just a price target; it is a strong indication that Bitcoin has moved beyond being an alternative investment vehicle and has become part of the global financial system.
I wish you safe investments. 🚀