✅ Current Status:

• Price: $109,514
• Weekly Candle: Still inside the high resistance zone with upward momentum but signs of hesitation.

🔑 Key Technical Highlights:

1. Resistance Zones:

• Primary Resistance: $109,000 – $115,000 (current test zone)
• This area has historical rejection (previous top) and is showing some wick rejections.

2. Support Levels:

• First Key Support: $98,891 (red dotted line) — must hold to avoid deeper pullback.
• Next:
  • $87,461
  • $72,773 — structural and Fib zone.
  • $55,751 — near 200-week MA (very strong support historically).

3. POC (Point of Control):

• $21,507.5 — This is the high-volume traded price from the 2022–2023 accumulation zone.
• Only relevant in extreme bear cases.

4. TD Sequential & Wave Count:

• The TD green 9s suggest potential exhaustion.
• You’re also showing Elliott-type wave structures—price may be finishing an impulsive 5-wave sequence (risk of correction next).

5. Volume Profile:

• Thin volume zones above $110K could lead to quick upside if resistance breaks.
• High volume clusters are visible between $20K–$40K and $60K–$80K—potential magnets if macro shifts.

6. Channel & Trendlines:

• Price remains within an upward sloping megaphone/wedge.
• Diagonal supports are intact but showing vulnerability on sharper corrections.

📈 Three Probable Scenarios:

📝 Additional Insights:

• The green arrow down on your chart suggests awareness of a potential large-scale ABC correction after this run-up.
• The long-term moving averages are still supportive but price is getting over-extended on weekly charts.
• Macro events (Fed, ETF flows, global risk appetite) will likely influence which path BTC follows next.

👉 Key Levels to Watch This Month:

• Hold Above: $98K to maintain bullish structure.
• Break Above: $115K to target new highs.
• Break Below: $87K opens door for retest of $72K.