Technical analysis by SroshMayi about Symbol BTC: Buy recommendation (11 hour ago)

BITCOIN OVERVIEWCrypto Breakout or Crash? Powell's July Message Becomes the Deciding FactorFederal Reserve Chair Jerome Powell’s testimony on Capitol Hill has intensified the uncertainty surrounding risk assets.He emphasized that while inflation has eased significantly since mid-2022, it remains “somewhat elevated”, and the Fed is in no rush to shift its policy stance.This leaves markets with a binary outcome: crypto breakout or macro-driven pullback—and July may be the turning point. TECHNICAL OUTLOOK – BTC/USDBitcoin remains in bullish momentum, having stabilized above the pivot level at 107,750.The price is currently pushing toward the key resistance zone between 108,950 and 110,360.A breakout above this zone would likely lead to continuation toward the next ATH target at 113,770.However, consolidation is expected between 108,950 and 106,320 until a breakout occurs. Key LevelsPivot Line: 107,750Resistance: 108,950 → 110,360 → 113,770Support: 106,320 → 104,150