$BTC

$BTC
📊 BTC/USDT – 1H Bullish Bounce Setup

🕐 Timeframe: 1H

💰 Current Price: $109,749.75

📉 Support Level: $106,454.40

📈 Trend Context: BTC just bounced off key support at $106,454 and is forming strong green candles on the 1H chart, indicating a short-term bullish reversal from demand.

🟩 Entry Plan (Long Bias):

📌 Entry Options:

Market Entry: $109,500 – $110,000 (bounce confirmation zone)

Pullback Entry (Conservative): $108,000 – $108,500 (minor retracement zone)

Aggressive Dip Buy: $106,800 – $107,200 (near support reload)

🎯 Take-Profit Targets:

TP1: $110,100 (minor resistance level)

TP2: $110,400 (mid-range resistance from previous move)

TP3: $110,900 (trend continuation target)

🛡️ Stop-Loss:

SL: $105,800 (below key support and invalidation zone)

⚖️ Risk-Reward Example:

Entry: $108,500

SL: $105,800

TP2: $114,500 → Risk:Reward ≈ 2.2:1

🔄 Alternate Bearish Scenario:

If BTC breaks and closes below $106,454 support with high volume:

📉 Expect drop toward $103,000 – $101,500

Would signal loss of structure and deeper correction

🔥 Signal Strength:

Moderate to Strong – Fresh bounce from strong support with bullish candle structure. Needs continuation and volume confirmation above $110,500 for added conviction.