Bitcoin just bounced back from a deep intraday pullback, reclaiming strength near the $109,388 level after dipping to a session low of $106,800. The current move reflects a textbook recovery after a sharp rejection from the recent local high of $111,980. This bounce is gaining momentum, and traders should watch for continuation signals.
Key Observations:
Current Price: $109,388.02
24H High: $110,948.68
24H Low: $106,800.00
Volume (BTC): 32,869 BTC
Volume (USDT): $3.57B
Price Action Insight: BTC showed strong support around the $106,800 zone and has now printed a bullish 4H candle. If price sustains above the $109,000 level, it sets up for a retest of $110,950 and potentially $112,500 short-term.
Trade Setup (Bullish):
• Entry Zone: $109,200 – $109,500
• TP1: $110,950
• TP2: $111,980 (recent high)
• TP3: $112,500
• Stop-Loss: Below $107,400
Why Long?
Strong rebound from support confirms buyer interest
Volume remains healthy on the recovery candle
Previous resistance zone at $111K could turn into a magnet if momentum continues
Bulls defending the $108K level aggressively
Watch for confirmation: A clean 4H close above $109,500 could fuel the next leg up
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#BTCUpdate #BinanceAnalysis #CryptoRebound
