BTC Live: Resistance 111592/ Breakout soon or 109440 first?In this short video breakdown, we reviewed some key structural levels. We've identified a resistance at 111.592, which is critical for near-term price action. However, zooming out to the bigger picture, the major resistance to watch sits at 114.921 — this is a level we’ve respected many times before and could act as the next big test if momentum continues upward.
On the support side, we've previously leaned on 109.079, and we're now observing strong confluence zones thanks to our Fibonacci pull — notably around 110.505, lining up with the 0.61 and 0.5 retracement levels.
What we’re seeing is an ascending channel in play. If we break and hold above 111.592, that opens the door to challenge the 114.900 level. Until then, price might need to consolidate or retest some of these key supports.
Always worth checking past ideas to see how significant some of these zones have been historically. This wasn’t a fakeout — just part of the bigger structure.
Are you watching the same levels? Let me know your setups — it's always great to see different perspectives in the community.
One Love,
The FXPROFESSOR 💙
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