$BTC BULLISH MOMENTUM – EYES ON $110K RESISTANCE BREAKOUT 🚀

Bitcoin ($BTC) is trading at $106,697 (+1.40%), showing continued strength as it consolidates above $106K following a bounce from the $104,500 support zone. With high volume and key support holding, Bitcoin is gearing up for a potential breakout above $107,500–$108,000 toward $110,000 psychological resistance.

🔍 KEY TECHNICAL LEVELS:

Resistance Levels:

$107,300 – 24h High / Immediate resistance

$108,000 – Breakout trigger zone

$110,000 – Major psychological resistance

$112,500 – Next bullish target

Support Levels:

$106,000 – Intraday support

$104,500 – Strong base (24h low)

$102,000 – Downside invalidation

Volume Stats:

24h BTC Volume: 10,661 BTC

24h USDT Volume: $1.13B

Volume SMA near 10K – Strong participation

📈 TECHNICAL INDICATORS:

Price Action: Higher low formed at $104.5K

Momentum: MACD flipping bullish on 4H chart

Volume: Above 10K BTC – confirming buying strength

Structure: Bullish flag or ascending triangle forming

📊 TRADE SETUP – LONG IDEA:

> 📌 Breakout + Trend Continuation Strategy

Entry Zone:

Buy on dip: $106,000–$106,400

Breakout entry: Above $107,300 with volume confirmation

Targets:

TP1: $108,000

TP2: $110,000

TP3: $112,500 (if breakout confirmed)

Stop-Loss (SL):

Conservative: $104,000

Aggressive: $105,500

🛡️ RISK MANAGEMENT:

Risk 1%–2% of capital per trade

Consider scaling in with tight SL below key support

Use trailing stop after $110K breach to lock gains

✅ SUMMARY:

$BTC/USDT remains in a strong uptrend, supported by volume and bullish momentum. A breakout above $107,300–$108,000 could trigger a fast move toward $110K–$112.5K. Keep watch for volatility near key levels, and trade with a clear risk-reward plan.

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