110K KEY SUPPORTBitcoin / U.S. dollarBITSTAMP:BTCUSDI-Tech-TradeBitcoin is trading at a critical juncture, hovering just above the $110K support zone, which has acted as a key pivot throughout August. From a technical perspective, this region represents the dividing line between a potential rebound and an extended correction. Traders can look for two primary swing trade setups here. On the bullish side, a bounce from the $110K–$110.8K range, confirmed with volume and candlestick strength, could open the door toward $113.5K–$114K in the short term, with a larger upside target into the $123K–$124.5K resistance cluster. Conversely, a confirmed breakdown below $110K on the daily chart would validate a bearish continuation setup, with downside targets at $105K and, if momentum accelerates, the psychological $100K level. From a macro standpoint, several triggers could dictate which direction plays out. Upcoming U.S. GDP and inflation data (PCE) will be closely watched, as softer numbers could weaken the dollar and fuel a crypto rebound, while stronger-than-expected figures may pressure Bitcoin further. In addition, ETF flows and institutional positioning remain important—sustained outflows may reinforce selling pressure, while inflows could support a recovery rally. Broader equity market sentiment and risk appetite will also play into Bitcoin’s path in the coming sessions. Risk management remains paramount in this environment. With volatility elevated and ATR readings high, traders should size positions conservatively and avoid over-leverage. Setting clear stop-losses—such as below $109K for long setups or above $111.5K for shorts—can protect against false breaks. Equally, using staggered take-profit levels allows traders to lock in gains while leaving room for extended moves. At such pivotal price zones, discipline and patience often determine whether setups result in controlled profits or unnecessary drawdowns.