Bitcoin Nears Key Resistance: Reversal or Breakout Ahead?

Based on the current market structure, the nearest target for BTCUSDT is the $102,700 - $105,000 range. This level is a significant zone due to the presence of a price imbalance (FVG) and strong limit resistance on the daily timeframe. This level has previously acted as a selling zone, making it a key area for a potential pullback.
From an Elliott Wave perspective, I consider the current upward movement as the final stage of Wave C within Wave D of a triangle. If BTCUSDT.P reaches this area, a downward retracement is possible to form the final Wave E before a larger breakout.

Development Scenarios:
1. Base Scenario (Reversal from $102,700 - $105,000):
Expecting resistance in this zone and a reversal within Wave E.
Possible retest of $96,000 - $94,000 before an upward breakout.
2. Alternative Scenario (Breakout Above Resistance):
If BTCUSD decisively holds above $105,000, the next target could be around $110,000 - $112,000.

I am holding a long position up to the designated zone, partially taking profits within the target range. I am also considering opening a short position upon a confirmed rejection from this level.

❖ My previous forecast for BTC https://www.tradingview.com/chart/BTCUSDT.P/DiLeVOMt-Bitcoin-s-Bull-Cycle-Nearing-the-End-What-s-Next/