🚀$BTC /USDT – Structure Shift or Just a Bounce? Let’s Talk Price Action Truth

📌 Current Price: $105,913.22

📈 24H High: $106,500

📉 24H Low: $103,905.10

📊 24H Change: +1.27%

📊 Chart Observations (1H Timeframe)

Bitcoin’s price action is signaling a potential bullish continuation, but we’re not fully in the clear yet.

✅ Higher Low Structure:

After rejecting from the $106.5K resistance, $BTC formed a clean higher low at around $104,800 — a strong short-term support now. This marks the base of a potential bullish structure if the trend sustains.

✅ EMA/MA Alignment:

Price has bounced above both the 20EMA and 50MA with volume confirmation — a healthy signal for intraday momentum.

The crossover of the EMAs has already occurred, further validating this upward push.

✅ MACD Signal:

MACD histogram flipped green after consistent red bars, while the MACD line attempts to cross above the signal — an early bullish divergence. This is a classic pre-breakout condition.

✅ RSI Movement (61.97):

RSI is rising but still has room to run before reaching overbought levels. This implies bullish momentum hasn’t exhausted yet and could push price toward next resistance zones.

🎯 Strategic Trade Thinking

📥 Entry Zone: $105,300–$105,900

📈 Target 1 (Local Resistance): $106,500

🎯 Target 2 (Breakout Extension): $107,400

🛑 Stop-loss: Below $104,800 (Invalidation of bullish HL structure)

If the price forms a bullish engulfing on the next candle and closes above $106K with decent volume, this could trigger a breakout continuation trade. Be cautious if volume drops or if RSI reaches 70 without momentum confirmation — could signal exhaustion.

💬 🔊Volume tells the story. If buyers are serious, we’ll see increasing volume on breakout.

No FOMO at resistance. Wait for confirmation or retracement entries.

Key Zone = $106K. If $BTC fails again here, expect a fakeout and pullback to $104.6K.

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