Technical analysis by SivaArjun about Symbol BTC on 11/10/2025

Bitcoin (BTCUSD) continues to hold firm above the $101,000 support, extending its recovery beyond $102,500 and $103,500, and reaching a session high near $106,593. This bullish rebound sparked a wave of short liquidations, with data showing higher derivatives volume as high-leverage traders faced pressure during the move. Meanwhile, CFTC Chair Caroline Pham signaled potential talks with exchanges to enable leveraged spot Bitcoin trading as early as next month — a development that could reshape U.S. crypto market dynamics. 🎯 Target Outlook: If Bitcoin sustains momentum above $105,000, upside targets lie at $108,200 and $110,000. A drop below $101,000 would expose $98,600 as the next key support zone.