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If you look at the $BTC heat map, you can clearly see that the main volume of coins bought from above is in the $117-119K range (point #1). This mark will act as strong resistance on the return, as many who bought bitcoins in this range will dump them to quickly exit at breakeven (total 260K BTC accumulated there, but many are corporates)
The nearest support has already been tested (point #2), while the nearest strong support is in the $107-111K range (point #3)
Though, $107,000 is somewhat of a critical point for me, closing below which is extremely undesirable (mentioned this repeatedly before).
$BTC
{spot}(BTCUSDT)
#BTCReserveStrategy