$BTC /USDT CONSOLIDATES NEAR $108K – BULLS LOOKING FOR BREAK ABOVE $109.2K
$BTC /USDT is trading at $107,497, up +1.19% over the past 24 hours. After a strong bounce from the $106,115 support level, Bitcoin is showing signs of upward momentum, hovering just below the short-term resistance at $108,800–$109,200.
The price action on the 15M and 1H charts reflects a tight consolidation with buyers stepping in at dips, suggesting a possible breakout attempt if volume sustains above $109,200.
📊 Key Technical Levels:
🔹 Support: $106,800 – $106,100
🔹 Resistance: $108,800 – $109,200
🔹 Breakout Level: $109,200
🔹 Next Target Zone: $111,000+
📈 Trade Setup (Bullish Bias):
Entry: On breakout above $109,200 or pullback to $107,200 with confirmation
🎯 TP1: $110,500
🎯 TP2: $111,800
🛑 SL: Below $106,000
🔍 Market Outlook:
BTC is holding up strongly and building momentum for a potential continuation move. If bulls reclaim $109.2K with strong volume, we may see a push toward $111K+. However, a breakdown below $106K could flip momentum bearish in the short term.
📌 Risk Management:
Avoid overleveraging. Use tight SLs near support and aim for 2:1 risk-reward setups. Stay updated with macro trends as BTC reacts strongly to news.
