$BTC /USD – STRONG INTRADAY REBOUND FROM $102K SUPPORT!
BTCUSDT Perp | 103,650 (-1.4%)
Bitcoin is showing a sharp rebound off the $102,000 support zone after a steep drop from the $106K high. The 15-minute chart reveals a bullish engulfing pattern, suggesting a possible short-term reversal. If BTC holds above $103,700, it may push toward the $104,750–$105,000 resistance zone.
However, volume confirmation is key. Sustained strength above $103.5K could offer intraday scalping opportunities into the mid-$104K range. Watch for volatility—any rejection could lead to another pullback.
Trade Setup:
• Entry: $103,500–$103,750
• TP1: $104,250
• TP2: $104,900
• TP3: $105,500
• Stop Loss: $102,800
