$BTC /USDT – Tight Range, Big Move Loading?
Price Action Cooling Off at $103K | Watch for Breakout Signals
Momentum Analysis:
Bitcoin is trading in a narrow range between $102.7K and $104.1K with low volatility but strong underlying demand. Sideways price action suggests a potential squeeze — the breakout direction will likely set the tone for the broader market.
Long Setup:
Entry Zone: $102,162 – $103,400
Targets:
T1: $104,100
T2: $105,800
T3: $107,600
Stop Loss: $100,922
Breakout Confirmation Level: $104,100
Key Support: $100,922
Pro Tip for Traders:
Keep an eye on volume spikes. If BTC breaks $104.1K with strong momentum, it could retest $107K swiftly. Fading volume = range chop. Be patient and time your entry on clear signals.
Trading Data Snapshot:
Current Price: $103,190.47 (-0.02%)
24h High / Low: $104,100.00 / $102,727.25
24h Volume: 12,614.88 BTC / 1.30B USDT
Order Book Depth:
Resistance: $104,100, $104,643
Support: $102,162, $100,922
Timestamp: 2025-05-09 22:00