🚀 Bitcoin Ready for Next Leg? Momentum Building Above Key Level!
Bitcoin is currently trading at $107,331.05, showing solid consolidation after reclaiming the six-figure mark. The market is coiling with tight price action, which often precedes a strong move. The bulls are defending higher lows, and a push above $108K could trigger a new wave upward. 📈⚡
📊 $BTC Market Breakdown
Price: $107,331.05
Short-Term Support: $106,200
Immediate Resistance: $108,500
Trend: Bullish bias holding 🔄
Momentum: Gradual build-up with higher lows
📡 Signal: Bullish Momentum Watch
BTC is forming a continuation pattern just below resistance. If price breaks and closes above $108,500, expect a push toward $110,000 – $112,000 quickly. On the downside, losing $106,000 would weaken this setup.
📈 Trade Setup Idea
Buy Zone: $106,800 – $107,400
TP1: $108,800
TP2: $110,600
Stop Loss: $105,950 🔒
🧠 Why Bitcoin Still Looks Strong:
✅ Holding above 21EMA on 4H and Daily
✅ Funding rates normalized – less FOMO, more strength
✅ Open interest gradually increasing 📊
✅ Market respecting breakout levels
🔥 Final Word:
At $107,331.05, Bitcoin is showing signs of controlled strength. Not overheated. Not broken. If volume kicks in near $108K, bulls might drive this toward new short-term highs. Stay alert, stay focused — the breakout window is open! 🧨🟢
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