$BTC
/USDT Bullish Surge Underway šš Aiming for $110K Breakout! š„
$BTC is trading around $107,800, showing strong bullish momentum with robust 24h volume ($2.42B). The price has cleared mid-range consolidation and is approaching critical resistance levels. Bullish trend likely to persist unless price drops below $105,800.
**Technical Analysis:**
- **Trend:** Bullish
- **Indicators:**
- 4H EMA-20/50: Bullish crossover
- MACD: Positive histogram, bullish crossover
- RSI: 66 (approaching overbought, but not exhausted)
- Volume: Rising alongside price, confirming strength
- Structure: Consistent higher highs and lows since $104K bounce
**Trading Plan:**
- **Entry Zone:** $107,200 ā $107,900
- **Targets:**
- šÆ Target 1: $109,500 (next resistance)
- šÆ Target 2: $111,300 (psychological + Fibonacci extension)
- šÆ Target 3: $113,800 (major resistance, breakout zone)
- **Stop Loss:** $105,800 (below recent 4H swing low and EMA-50)
**Key Levels:**
- **Support:** $104,200 / $105,800
- **Resistance:** $109,000 / $111,300
- **Pivot Zone:** $107,100 (trend confirmation)
**Pro Tip:** Upon reaching Target 1, adjust stop loss to entry for risk-free trading. Take partial profits at each target. If price holds above $109,500, anticipate stronger breakout momentum, confirmed by volume surges.
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