$BTC /USDT.
๐งช BTC/USDT Overview
Current Price: $107,660 (-1.13%)
24h High: $109,130.44
24h Low: $106,769.43
24h Volume:
BTC: 17,428.96
USDT: $1.88B
Trend: Mild pullback after testing range high
Market Type: Consolidation/Range-bound after recent rally
๐ Key Levels
Level TypePriceNotesResistance 1$108,570Minor sell wallResistance 2$109,13024h HighCurrent Price$107,660Sitting mid-rangeSupport 1$106,770Local low & demand zoneSupport 2$106,000Key horizontal baseSupport 3$104,400Breakout origin from previous rally
๐ Technical Insights
Price is hovering near mid-channel of recent 4h range.
Minor rejection at ~$109K with current pullback to first support.
Volume flat, indicating lack of new trend confirmation.
MA(5) > MA(10) but both showing deceleration = likely chop/consolidation short-term.
โ๏ธ Trade Setups
โ Setup A: Range Bounce Play
Entry: $106,770โ$107,000
Stop Loss: $105,900
Target 1: $108,200
Target 2: $109,000
Trigger: Bullish engulfing / hammer near support on 15mโ1h
๐ Setup B: Breakout Momentum Play
Entry: $109,200+ (candle close above resistance)
Stop Loss: $107,900
Target 1: $110,500
Target 2: $112,000
Trigger: High-volume breakout candle on 1h/4h
๐ก๏ธ Setup C: Breakdown Pullback Short
Entry: $106,500 if price loses $106,770 and retests
Stop Loss: $107,100
Target 1: $105,000
Target 2: $104,400
Trigger: Retest rejection + declining volume on 15mโ1h
๐งญ Summary
BTC is neutral short-term, leaning toward a range trade between ~$106.7K and ~$109K.
Focus on reaction around $106.7K support โ hold = bounce opportunity, lose = short setup.
Confirmation via volume spike + candle body close is key before entry.
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