$BTC /USDT – Bullish Momentum in Progress!
Momentum Analysis:
Price: $108,718.40 (+0.88%)
24h High: $110,530.17
24h Low: $107,513.43
24h Volume (BTC): 19,926.50 BTC
24h Volume (USDT): 2.18B USDT
The current bullish momentum remains intact as BTC trades near $108,718.40, showing a positive shift of 0.88%. The price is holding steady above key levels, and with substantial volume backing the move, a continuation to the next resistance is expected.
Long Setup:
Entry Zone: $108,700 - $108,900
Target 1 (T1): $109,500
Target 2 (T2): $110,500
Target 3 (T3): $112,000
Stop Loss: $107,000 (below 24h low)
Breakout Confirmation Level:
Key Resistance Level: $110,500
A breakout above this level could drive further bullish momentum.
Key Support:
Support Zone: $107,500
Watch for a bounce here if the price retraces.
Pro Tip for Traders:
Watch for a clean breakout above $110,500 for confirmation of further bullish continuation. Patience is key for targeting the higher levels, but keep an eye on market depth for any signs of reversal.
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