Bitcoin bounced from $101,400 and is now holding $105,800, forming higher lows and steady accumulation ⚡
Volume shows real buying pressure — bulls are stepping in!
📍 Entry: $104,000 – $105,500
🛡 Stop: $101,000
🎯 Targets: $107,500 / $110,000 / $115,000
Trend ✅
Support ✅
Momentum ✅
If $106.5 breaks, we could see BTC push straight toward $110k+! 👀
📊 Technical Overview
Bitcoin has shown a strong recovery, climbing from $101,400 lows to $105,800, marking a 3.6% gain in 24h.
This bounce is supported by key support near $101k, which has held as buyers step in aggressively.
Trend: Short-term uptrend forming, higher lows visible
Structure: Break of the descending consolidation channel
Volume: Steady accumulation suggests institutional interest
RSI: Resetting from oversold → room for continuation
$BTC ’s move is healthy — it’s retracing without excessive parabolic spikes, signaling the market is preparing for a potential next leg upward.
📈 Key Levels
Support: $101,000 – $103,000
Resistance: $106,500 – $107,500
Next Targets: $108,500 → $110,000 → $115,000
Holding above $103k is crucial for continuation. Breaking above $106.5–$107k could trigger a short-term momentum surge toward $110k+.
⚙️ Why This Setup Works
✅ BTC respected strong $101k support
✅ Uptrend forming with higher lows
✅ Healthy retracement = lower risk entry
✅ Volume accumulation supports bullish continuation
This setup works because BTC is showing technical stability after a dip, providing a clean low-risk entry with clear upside potential.
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