📊 Key Technical Overview:

• Current Price: $109,656 (as of this daily candle)
• Short-Term Trend: Bullish breakout attempt from a descending triangle or wedge pattern.
• Volume Profile (POC): High interest/support zone near $84,656.

🔑 Main Observations:

1. Chart Patterns:
   • Multiple W-shaped double bottom patterns (highlighted in red) are visible, especially the strong bounce in March–April.
   • Recent breakout from a descending trendline with a sharp bullish move.
   • Bullish flag or pennant formation that’s potentially resolving upward.
2. Support & Resistance:
   • Immediate Resistance: ~$110,000 – $112,500 zone (previous highs).
   • Immediate Support: ~$106,893 (recent breakout area).
   • Next key supports:
     • $104,757 (strong candle base and minor demand zone).
     • $100,948 (psychological and structural support).
     • $95,132 (marked key support + 200 MA convergence).
3. Volume Profile Insights:
   • Strong historical volume concentration (blue bars) between $95,000–$100,000.
   • Thin liquidity above $110,000—this could lead to sharp moves in either direction.
   • The major POC at $84,656 remains the ultimate strong base (but far below current price).
4. Moving Averages:
   • Price is above:
     • 50-day MA
     • 100-day MA
     • 200-day MA (around $95K).
   • The bullish alignment of moving averages confirms a strong medium-term trend.
5. TD Sequential & Elliott Waves:
   • The chart shows advanced TD counts (1–9), which can indicate trend exhaustion or continuation depending on price reaction.
   • The recent green counts suggest a fresh bullish leg is underway after correction.
6. Fibonacci Retracement:
   • There is a small visible Fib retracement suggesting price has cleared the 61.8% level of the previous swing down, indicating strength.

📈 Potential Scenarios: