๐งก$BTC โ HOLDING UNDER PRESSURE
๐ช$BTC faced rejection near $107,499, slipped from its intraday high, and is now trading around $106,840 after briefly testing the $106,439 support zone.
๐ Current Analysis:
Momentum has slightly weakened as BTC trades below the MA60 (106,897), showing mild bearish pressure. Short-term buyers are defending the $106.4K region, but the trend leans cautious with low follow-through volume.
๐ก Trading Tips:
๐ข Support: $106,400 โ $106,000
๐ต Resistance: $107,500 โ $108,000
๐ซ Breakout scenario: A clean push above $107,500 could trigger momentum toward $108,200โ$108,600, confirming renewed short-term strength.
๐ซ Sideways scenario: Consolidation between $106,400โ$107,400 likely as traders await direction from the next 4H candle.
๐ซ Breakdown scenario: If BTC loses $106,000, it may slide toward $105,300โ$104,800, signaling short-term bearish continuation.
๐ซ Best entry / SL suggestion: Possible long entry near $106,400 with SL below $105,900 or short near $107,500 with SL above $108,200, depending on momentum confirmation.
TRADE HERE โฌ๏ธโฌ๏ธ
๐ฅ$BTC ๐ฅ
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