🚀 $BTC /USDT Technical Analysis & Trade Signal: Bullish Momentum with Key Targets 🎯
Current Price: $102,977.99 (+1.93% in the last 24 hours)
24h High: $105,865.22
24h Low: $36,026.31
Volume: 3.73B USDT
Price Protection (Support): $101,026.56
Resistance: $105,865.22
📈 Trend Analysis:
BTC/USDT is showing strong bullish momentum, with a +1.93% increase in the last 24 hours. The price is near its 24-hour high of $105,865.22. A breakout above this level would confirm further upward movement. However, the slight selling pressure indicated by the POW of -4.21% should be monitored. Be cautious if the price faces resistance near $105,865.22.
💡 Trade Signal:
🔑 Buy Signal:
Condition: A confirmed breakout above $105,865.22 with rising volume. This signals potential continuation of the bullish trend.
🎯 Target Levels:
Target 1: $106,500 – Slightly above 24h high, first profit-taking level.
Target 2: $110,000 – Key psychological resistance level.
Target 3: $115,000 – Aggressive target for extended bullish momentum.
⚠️ Stop Loss:
Stop Loss: Place below $101,000 to protect against sharp reversals.
🔥 Momentum Overview:
Bullish Momentum: The strong trading volume (3.73B USDT) and a depth of 7.38% indicate sustained buying pressure.
Bearish Risk: Watch for any signs of rejection at the resistance level. A failure to break above $105,865.22 could lead to a potential retracement.
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