$BTC TIGHT RANGE, BIG MOVE COMING?
Bitcoin is currently trading at $103,594, consolidating in a narrow band after a strong upward move. Price action is pressing against short-term resistance while buyers dominate the order book. A breakout or rejection is likely around the corner.
Key Levels to Watch:
• Resistance: $103,800 – A breakout here could clear the path for another leg up.
• Support: $103,400 – Losing this level could trigger a quick drop to lower demand zones.
Trade Setup – Critical Compression Zone!
Bullish Scenario:
• Entry Trigger: Break and close above $103,800
• Target 1 (TP1): $104,200
• Target 2 (TP2): $104,700
Bearish Scenario:
• Entry Trigger: Drop below $103,400
• Target 1 (TP1): $103,000
• Target 2 (TP2): $102,400
Stop-Loss (Risk Management):
• Longs: Below $103,400
• Shorts: Above $103,800
Volume Insight:
26.3K – High volume confirms strong market interest. Watch for breakout confirmation with a spike in volume.