$BTC /USDT – Bullish Continuation Above $103K!
Momentum Analysis:
Bitcoin is trading at $103,019.99 (+3.59%), maintaining a strong bullish trend. As a Proof of Work (PoW) asset, Bitcoin remains a dominant force with rising institutional activity. With a 24h volume of 38,799.63 BTC / $3.97B USDT, there is considerable market participation.
Long Setup:
Entry Zone: $99,090 – $103,020
Targets:
T1: $104,361
T2: $106,500
T3: $108,000
Stop Loss: $97,000
Breakout Confirmation Level: $104,361
Key Support: $99,090
Pro Tip for Traders:
If BTC consolidates above $102K for the next few hours, expect a continued push to the $105K area. Always track the 24h volume for confirmation of market sentiment before taking positions.
Trading Data Snapshot:
Price: $103,019.99 (+3.59%)
24h High/Low: $104,361.30 / $99,090.66
24h Volume: 38,799.63 BTC / $3.97B USDT
Order Book Depth:
$104,939.37 | $104,361.30 | $103,019.99 | $102,395.88 | $99,852.40 | $97,308.91 | $94,765.43 | $92,800.01
Timestamp: 2025-05-08
