Bitcoin has stabilized near the $105,000 level, with market structure suggesting a potential short-term retracement to capture liquidity below this threshold before targeting $111,000. Order book analysis indicates liquidity distribution favors upward momentum, positioning $111,000 as the next significant price objective.
Critical technical support rests at $103,000, a level traders are closely monitoring to gauge near-term directional bias. Market participants anticipate heightened volatility around the monthly close and key macroeconomic events, particularly the Federal Reserve’s inflation data release.
Liquidity concentration between $108,000 and $111,000 signals potential for a decisive price movement. Traders are advised to track these levels as Bitcoin’s order book dynamics and technical factors create conditions for either breakout advancement or corrective retracement depending on market reactions.