📈 Market Overview
Price Level: Bitcoin is hovering around $105,200, just slightly off its intraday high of ~$106,000 .
Momentum: BTC surged from $103,000 last week to above $105K, but the rebound carries light volume—hinting at a possible dead‑cat bounce .
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🔍 Technical Snapshot
Support Levels:
**$104,500**–$105,000: short-term floor if volume remains weak .
**$103,000**: strong base from recent bounce zone .
Resistance Levels:
**$105,600–105,700**: key EMAs (7 & 25) slot in here—breakout hinge .
**$108,700**, then $111,000–112,000: next major zones for bullish reversal .
Momentum Indicators:
RSI ~42–43: neutral to slightly bearish .
MACD histogram still negative: signals momentum hasn’t turned fully bullish .
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🛠️ Trade Setups for the Square Fam
1. ⚠️ Cautious Pullback Play
Entry: Long near $104,500–105,000 if buyers step in.
Stop: Sub $104,000.
Targets: $105,600 → $108,700.
2. 💥 Breakout Hunter
Trigger: Clean daily close above $105,700 with strong volume.
Stop: Below $105,600.
Targets: $108,700 → $112,000.
3. 🟣 Short Setup
Trigger: Push above EMA level fails and BTC falls below $104K.
Stop: Above $105K.
Targets: $103,000 → $100,000.
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📅 Near-Term Outlook
Short-Term (1–2 days): BTC is navigating a tight range between $104K–106K. Expect choppy action as traders await a catalyst .
Catalysts to Watch:
ETF flows: Fresh inflows could drive a breakout above $108K.
Macro data—US CPI/PPI releases could trigger volatility .
Geopolitical tension: Middle East risk-off may suppress bullish conviction .
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💡 Binance Square Family Tips
Scalpers: Trade bounce/decline between $104K–105.6K with tight stops and quick exits.
Breakout Traders: Only play long above $105.6K–105.7K on volume confirmation.
Risk Managers: Use small position sizing (1–2%), set clear stops, and lock in partial profits.
Long-Term Believers: Accumulate dips near the $100K psychological zone, especially if macro and ETF sentiment stays supportive.
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🌟 Final Take
Bitcoin is in range territory, holding above critical support but facing resistance at key EMA levels. Watch for volume-driven momentum to decide whether we surge toward $112K or dip back into the $100K–104K range. Your best tools? Clarity, discipline, and timely risk control. Tag your BTC moves with #BinanceSquare—let’s ride the next wave together!
This content is for educational purposes only, not financial advice. Always research and trade responsibly.
