Technical Analysis for BTC/USDTBTCUSDT Perpetual Swap ContractOKX:BTCUSDT.PMMTRADING-BNBBased on mathematical and statistical models, along with Fibonacci retracement levels and moving averages, Bitcoin is currently trading near the $113,000 area. The recent bullish momentum has pushed the price upward, but the market now faces key pivot levels that will determine the next move. 🔹 Key Resistance Levels $114,047.7: The first major resistance. A clear breakout above this level could fuel further bullish momentum. 🚀 $114,995.1: A critical resistance both technically and psychologically. Surpassing this level would likely open the way towards $115,800 – $116,000, confirming the strength of the current uptrend. 🔹 Major Support Levels $108,829: A crucial support zone. If broken, short-term market sentiment may shift from bullish to neutral. 🛡️ $108,349: A stronger support level. A breakdown here could trigger a move toward $107,000 or even lower. 📈 Indicator Insights The RSI is hovering near 66, suggesting the market is gradually entering overbought territory. This highlights the importance of the resistance zones, where profit-taking could occur. The 20 & 50 EMA lines are showing a bullish crossover, supporting upward momentum as long as support levels hold. 🟢 Bullish Scenario If the price breaks above $114,047.7 and then $114,995.1, Bitcoin could quickly advance toward $115,800 – $116,000 in the short term. 🔴 Bearish Scenario Failure to sustain above $113,000 could lead to a pullback, with $108,829 as the first line of defense, followed by the stronger support at $108,349. A breakdown below this zone would turn the short-term outlook bearish. ✅ Conclusion Bitcoin is at a decisive point: strong resistance lies between $114K – $115K, while robust supports are clustered near $108K. A breakout or breakdown from these levels will set the tone for the next major move. Until then, risk management remains essential. ⚖️