$BTC Short-term signal for a long position – target level $105,000+
Overview of Dynamics
Bitcoin shows solid strength, recovering the $104K zone with a rise of +0.95%. After bouncing off the 24-hour low of $101,383, BTC has steadily increased, forming higher highs and lower lows. The 15-minute chart is in an uptrend above all key EMAs (7, 25, 99).
Key Levels
Immediate Resistance: $104,192 (24-hour high), then $104,500 and $105,000
Support: $103,740 (EMA-7), $103,015 (EMA-25), $102,875 (EMA-99)
Trade Setup
Entry Zone: $103,800–$104,050 (during a pullback or retest of EMA)
Stop-loss: $102,800 (below EMA-99)
Targets:
TP1: $104,500
TP2: $105,000
TP3: $106,200 (if the breakout accelerates)
Market Outlook
Trading volume is healthy: 1.54B USDT, and the structure looks like a continuation of momentum after a successful breakout of EMA-99. As long as BTC remains above $103K, the uptrend remains intact.
Final Thoughts
If $BTC consolidates above $103,700 and breaks $104,200 again with volume, it may trigger a rise to $105K+. Be cautious of any quick profit-taking near key resistance levels.
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