Bitcoin (BTC) Current Price and Trade Entry Ideas
Current Price:
Bitcoin (BTC) is currently trading at $108,755, up 2,541 USD (approx. 2.4%) from the previous close.
Intraday High: $108,755
Intraday Low: $105,426
Trade Entry Ideas with Stop Losses and Take Profits
1. Pullback Long Entry
Entry: $105,500–$106,000 (near intraday low support)
Stop-Loss: ~$100,000 (5% below entry)
Take-Profit: ~$115,000 (below recent resistance)
Rationale: Buy the dip near support. Risk-reward ~1:2 (5% risk, 10% potential gain)
2. Breakout Entry
Entry: Above $109,000–$109,500 (confirmation of breakout)
Stop-Loss: ~$106,500 (2–3% below entry)
Take-Profit: ~$120,000 (next resistance)
Rationale: Ride momentum on bullish breakout. Risk-reward ~1:3
3. Trend Reversal Long
Entry: On bullish RSI or MACD divergence confirmation
Stop-Loss: Slightly below recent swing low
Take-Profit: Target next swing high or resistance level
Rationale: Enter based on technical reversal signals
Practical Tips
Aim for at least a 2:1 risk-reward ratio
Place stop-losses just beyond key support/resistance levels
Use trailing stops (3–5%) to lock in profits as BTC rises
Adjust stops/targets as market structure changes
Key Levels to Watch
Support: $92,000, $100,000, $105,000
Resistance: $107,000, $115,000, $120,000
⚠️ Note: Always use proper position sizing and risk management. Crypto markets are volatile—plan trades carefully.
