$BTC Trading at $104,135.50 – Consolidating After a Dip
BTC is currently trading at $104,135.50, consolidating after a recent price dip. The price is hovering around immediate support, and its ability to hold this level will be crucial in determining if a rebound is possible or if further downside is expected.
Key Levels:
Resistance: $104,260.00 (immediate, recent high), $104,400.00 (stronger)
Support: $104,135.50 (immediate, current price and recent low), $103,862.50 (24h Low, stronger support)
Trade Setup - Anticipate Volatility!
Bullish Entry: A confirmed move above $104,260.00 could target:
Target 1: $104,400.00
Target 2: $104,600.00 (implied, previous high)
Bearish Entry: A break below $104,135.50 could target:
Target 1: $103,862.50 (24h Low)
Target 2: $103,600.00 (implied, next support)
BTC/USDT is at a pivotal moment. A decisive break above $104,260.00 could signal a recovery, while a sustained slip below $104,135.50 might lead to a deeper retracement.