$BTC /USDT – BULLISH GRIND CONTINUES AS BITCOIN HOLDS ABOVE $106K, READY FOR NEXT LEG UP!
Current Price: $106,234.51
24H High/Low: $106,396.30 / $104,494.53
Volume (24H): 8,528.59 BTC / 899.07M USDT
Key Levels:
Immediate Resistance: $106,500
Next Resistance: $108,200
Major Resistance Zone: $110,000
Support 1: $105,000
Major Support: $104,500
$BTC /USDT is displaying strong consolidation above $106K, signaling bullish continuation potential. Price has held steady after reclaiming $105K support, forming a base for a possible breakout above $106,500. The structure on the 1H chart shows steady higher lows — a classic bullish grind with controlled volatility.
Trade Setup (LONG):
Entry: $106,250 – $106,500 (on breakout confirmation)
Targets (TP):
TP1: $108,200
TP2: $110,000
Stop Loss (SL): $104,900
Alternate Setup (SHORT):
Entry: $106,400 (if sharp rejection at resistance)
Targets (TP):
TP1: $105,000
TP2: $104,500
Stop Loss (SL): $107,000
Market Outlook:
#Bitcoin remains in a long-term bullish trend with short-term consolidation. A breakout above $106.5K would likely invite strong buying interest, possibly pushing BTC toward $108K–$110K. No major bearish signs unless $104.5K is broken.
Risk Management:
Use 1-2% capital risk per trade. Wait for clear breakout or rejection confirmations. Avoid over-leveraging in tight-range zones.