BTC/USD Symmetrical Movement

Overview:
Bitcoin (BTC/USD) is showing symmetrical movement between two significant zones, with resistance at 108,000 and support near 92,000. The price currently trades near the upper resistance level, hinting at potential reversal or breakout scenarios.

Key Levels:
Resistance Zone: 108,000 – A key barrier where sellers have consistently stepped in.
Support Zone: 92,000 – A strong demand area that has acted as a floor in recent price action.
Possible Scenarios:

Bearish Rejection:
If BTC faces rejection at the resistance zone, we could see a pullback toward the support area around 92,000. A breach of this support may extend the bearish move further.
Bullish Breakout:
If BTC breaks and holds above the 108,000 resistance, the price could aim for higher levels, confirming a bullish continuation.
Range-bound Trading:
Consolidation between 108,000 and 92,000 is another possibility, providing scalping opportunities within the range.