Here’s today’s market plan for Binance, with fresh insights and actionable strategies:
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🔍 Market Overview
1. Bitcoin (BTC) broke below key support at ~$105 k yesterday, briefly dipping to $104 111 before rebounding. It’s now consolidating around $105 300, with volatility diminishing—Bollinger Bands tightening suggest a major move is approaching .
2. Ethereum (ETH) also rallied (~+2.6%) in tandem with BTC amid mixed sentiment across the broader market .
3. The Fear & Greed Index sits at a neutral ~52, indicating neither panic nor greed is dominating today .
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🎯 Key Levels & Technical Plan
Resistance: Around $105 900–106 000, where yesterday’s attempts to break higher were met with resistance .
Support: Near $104 500–105 000—this zone has held over the past sessions .
Plan:
Range-bound or breakout scenario: Watch BTC’s breakout above $106 000 or breakdown below $105 000 to define direction.
Long above $106 000: Target next resistance ~$108 000–$110 000.
Short below $105 000: Aim for downside to $104 000–$103 500 with tight stop-loss to protect against false breakouts.
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📈 Strategy & Execution
Scalp/range trades: Trade dips near $105 000 with tight SL (~$104 800), take profit near $105 900–$106 000.
Breakout setup: Enter long if candle closes above $106 000 on 4H or daily timeframe with stop just below $105 500.
Risk management: Use disciplined stop-loss (~1–1.5%) and moderate leverage, especially in this tightening range.
Asset diversification: With market tone mixed, consider rotating profits into strong altcoins like BNB, which remain in long‑term uptrend .
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📊 Daily Watchlist
Asset Level to Watch Bias
BTC $105 000 / $106 000 Range or breakout
ETH ~$2 520–2 550 area Follow BTC direction
BNB Support near $630–650 Trending higher